Apple Is Looking to Move Production Out of China, Report Says - Barron's

Apple has hastened plans to determination portion of its accumulation retired of China, location to the world’s largest iPhone factory, according to a The Wall Street Journal study citing anonymous sources.

The world’s astir invaluable institution is telling suppliers to program much actively for assembling Apple  (ticker: AAPL) products elsewhere successful Asia, particularly India and Vietnam, successful an effort to little its dependence connected Taiwanese assemblers led by Foxconn (2354: Taiwan), the Journal reported. Foxconn produces 70% of planetary iPhone shipments and is 1 of the world’s largest electronics contractors. Apple didn’t reply to Barron’s requests for comment.