Insta
Hitting Where It Hurts: Apple May Move Out Its Manufacturing From China If Tariff Escalates To 25 Per Cent
Apple Logo (Stuart C. Wilson/Getty Images)
Apple’s Chinese suppliers are intending to move their production out if the trade war between China and United States ensues increase in US import tariffs, reports Financial Express.
If the US government imposes a 10 per cent import tariff on smartphones, the suppliers are willing to continue production but should 25 per cent tariff gets levied they are planning to move out of China.
The majority of iPhones are manufactured and shipped around the world by the Hon Hai Precision Industry in China.
China has, for a long time, been the production base for the American technology giant’s devices like iPads and iPhones . However, following the trade war, Apple is in a wait and watch mode.
According to the report, a 10 per cent tariff by US on electronics import could result in a $1 reduction in earnings-per-share (EPS) of Apple while a 25 per cent duty would decline the EPS by $2.50.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
