Apple has been one of Wall Street’s biggest casualties of the US president’s tariff blitz — losing about $700bn in market value since last week’s announcements — highlighting the dilemma the group faces, having built its business around advanced manufacturing in China.
Apple has been quietly growing its business in India, particularly since the coronavirus pandemic wreaked havoc on its China supply chains, but it still has about 80 per cent of its smartphone manufacturing in China, according to Counterpoint Research. Read More
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