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Technology Stocks : Apple Inc.

AAPL 260.36

-0.7%

Jan 7 3:59 PM EST

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To: NAG1 who wrote (212052)	11/29/2022 9:58:13 AM
From: Zen Dollar Round	Read Replies (1) of 213181

> I am not sure if he means iPhones or all of Apple's production or something else. It would be interesting to get a little more clarity but Apple does seem to be moving away from China. When the news of Apple's problems getting enough iPhone 14 Pros made in time for Christmas was announced on CNBC, it was reported that only 5% or so of iPhone production (all models) are made elsewhere. That's India. business-standard.com That means 94%+ are made in Foxconn plants being closed and locked down en masse due to the PRC's latest round of Covid crackdowns, or the workers forced to stay are protesting. There are many ways for unhappy workers to slow down production lines if they want. Now, Apple usually finds a way to finesse their sales and keep nice margins on hardware to make up some of the difference in quarterly reports. The App Store lawsuits and fallout from them will take a long time to hit the services revenues on the bottom line or affect AAPL's price, but rumors can certainly move the stock for those who short or play options/ETFs.

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