Apple¡¯s wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, company supply chain data shows.
With the world¡¯s biggest iPhone factory, operated in central China by Foxconn, battling production shortfalls and labor unrest spurred largely by Beijing¡¯s harsh virus containment policies, analysts expect the risks ¡ª and Apple¡¯s retreat ¡ª to accelerate.
A Reuters analysis of Apple¡¯s supply chain data shows China¡¯s prominence in the company¡¯s global manufacturing is declining. In the five years to 2019, China was the primary location of 44% to 47% of its suppliers¡¯ production sites, but that fell to 41% in 2020, and 36% in 2021.
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