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Tim Cook visits Luxshare factory in 2017. Source: Apple
By January 2024, Apple’s supply chain had spent $16 billion in moving away from China, and as of April 2024, 14% of all iPhones are being manufactured in India. But according to an analysis by Nikkei Asia of Apple’s public reporting, the company is continuing to deepen its relationships with China.
“Chinese suppliers have formed the largest camp of Apple suppliers since 2020, and their number increased to 52 last year from 48 in 2022,” write Cheng Ting-Fang and Lauly Li. “The number of manufacturing or development facilities in China — including those owned by domestic and foreign companies — grew by 10 to 286.”
Go Here to Read this Fast! Apple is deepening ties with China even as it boosts suppliers globally
Originally appeared here:
Apple is deepening ties with China even as it boosts suppliers globally
