Apple's Week Was All About China Fears—and Donald Trump
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.
- Apple Pay Will be Available in China in 2016 Rumor: the Launch Time of iPhone 6c/7c Leaked by China Mobile Apple Pay Adds An Additional 14 New Banks And Credit Unions in China Huawei, Vivo Are Reasons Why The iPhone Is Losing Ground in China Apple Stock Extends Losses After China Warning About Trump Apple iPhone Battery Shutdowns: China Consumer Agency Takes up Complaints Apple Is Largest Western Seller Of Software In China An iPhone Made in the US? Apple Is Considering It, Says Report