Apple chief design officer Jony Ive (L) and Apple CEO Tim Cook inspect the new iPhone XR during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California.
Justin Sullivan | Getty Images News | Getty Images
Apple is considering moving final assembly for some products out of China to avoid the burden of potential tariffs from the U.S., The Wall Street Journal reported Thursday.
Apple has not made any decision about moving production out of China, which could still take months to put in place once set in motion, according to the Journal. But the company has asked suppliers to figure out the feasibility of shifting final assembly for some devices to places like Southeast Asia, the Journal reported. Apple’s stock was up more than 1% in premarket trading.
Earlier this month, Foxconn, Apple’s main supplier for iPhones and iPads in China, told Bloomberg it has the ability to build enough iPhones outside the country to satisfy demand. Apple is expected to launch its new iPhones in September. U.S. President Donald Trump hiked tariffs by 25% on $200 billion worth of Chinese goods last month and warned he could apply the same on another $300 billion.
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https://www.cnbc.com/2019/06/20/apple-considers-moving-production-from-china-to-avoid-tariffs-wsj.html