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Apple Is Looking to Move Production Out of China, Report Says

Apple Is Looking to Move Production Out of China, Report Says | Barron’s


Apple

has hastened plans to move part of its production out of China, home to the world’s largest iPhone factory, according to a The Wall Street Journal report citing anonymous sources.

The world’s most valuable company is telling suppliers to plan more actively for assembling


Apple

 (ticker: AAPL) products elsewhere in Asia, especially India and Vietnam, in an effort to lower its dependence on Taiwanese assemblers led by Foxconn (2354: Taiwan), the Journal reported.


Foxconn

produces 70% of global iPhone shipments and is one of the world’s largest electronics contractors. Apple didn’t reply to Barron’s requests for comment.

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