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Apple's Week Was All About China Fears—and Donald Trump

2019-06-17 283 Posted by 3uTools


If there’s one word to describe the most important headlines about Apple this week, it’s China.


This week, Apple’s biggest manufacturing partner, Hon Hai Precision, known better as Foxconn, floated the idea of Apple moving its iPhone production outside of China in response to trade war concerns. It was followed by a report on Thursday that said Apple CEO Tim Cook met with President Donald Trump this week to discuss China and trade. Meanwhile, Trump is considering adding $300 billion in new tariffs to China-made products that could increase iPhone production costs by up to 14%, according to analysts. Needless to say, the stakes are high for Apple in China.


But China wasn’t the only Apple headline this week. We heard that Apple ruffled some feathers at Google with its new Sign In with Apple service, and the U.S. Justice Department said existing laws could be used to investigate and accuse Apple and other tech heavyweights with antitrust violations.


Source: fortune

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