The deal in the midst of the Christmas shopping season is a major reprieve for Apple, which has established a massive supply chain based in China that produced 218 million iPhones in 2018.
The trade deal in the midst of the Christmas shopping season is a major reprieve for Apple, which has established a massive supply chain based in China that produced 218 million iPhones in 2018.Apple CEO Tim Cook escorts President Donald Trump as he tours Apple's Mac Pro manufacturing plant with Treasury Secretary Steven Mnuchin looking on in Austin, Texas, November 20, 2019.avoided tariffs on its core products, including the iPhone, after President Donald Trump announced Friday that the U.
The deal, which has not been signed, is set to be a major relief for Apple, which has established a massive supply chain based in Asia that was threatened by the Washington-Beijing trade war. Apple produced 218 million iPhones in 2018, nearly all of them assembled in China. Apple declined to comment on the trade deal.
China is also a key market for Apple to sell its products. Apple reported $51 billion in revenue in 2018 from "Greater China," which includes Hong Kong and Taiwan. It's Apple's third-biggest region by sales.
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