As reported in Japan’s Nikkei newspaper, Apple Inc (AAPL) is working with more Chinese suppliers to produce its latest iPhones, as a tech feud arising from a trade war with the United States prompts Beijing to strengthen domestic firms. The iPhone maker has warned of supply shortages as the U.S.- China trade tensions and the coronavirus pandemic have put more pressure on global supply chains.
Beijing is also working to strengthen its efforts to create world-leading local tech firms, with government-supported Chinese firms working to manufacture products for global firms including Apple. As reported in Nikkei, China’s Luxshare Precision Industry Co Ltd is set to build up to 3% of the iPhone 13 series, Sunny Optical Tech Group Co Ltd will supply rear camera lenses, Lens Tech Co Ltd will supply metal casings and BOE Tech Group Co Ltd will also supply components.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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