ShippingWatch

Bottlenecks, Covid restrictions have Apple considering moving production out of China

Bottlenecks and Covid-19-related restrictions in China could lower Apple’s sales by USD 8bn in Q1, and the tech firm is looking into moving production out of the country.

Photo: Laurenz Heymann / Unsplash

China’s strict authoritarian regime is creating risks for technology giant Apple, which is considering boosting production of its products outside the country, reports the Wall Street Journal.

According to the WSJ, 90% of Apple’s products are made in China, but the country’s strict lockdowns during the Covid-19 crisis and the government’s current cold relations with Washington are proving to be problematic. The current restrictions in China and the bottlenecks they entail could slow Apple’s sales by USD 8bn in the first quarter alone.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs