'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate
(www.businessinsider.com)
from L4s@lemmy.world to technology@lemmy.world on 25 Oct 2023 08:00
https://lemmy.world/post/7303937
from L4s@lemmy.world to technology@lemmy.world on 25 Oct 2023 08:00
https://lemmy.world/post/7303937
‘Steve Jobs’ biographer Walter Isaacson says Apple will be the company ‘most hurt’ if economic tensions between US and China escalate::Tim Cook recently visited China for the second time this year amid reports of sluggish iPhone 15 sales and a probe into big tech supplier Foxconn.
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This is the best summary I could come up with:
As more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate.
That’s according to Walter Isaacson, the biographer of late Apple cofounder Steve Jobs and Tesla CEO Elon Musk, who told CNBC’s “Squawk Box” on Tuesday that he thinks Apple will find it most difficult to decrease its reliance on China, which manufactures the vast majority of its products.
On his unexpected visit, he met with Chinese commerce minister Wang Wentao in Beijing and dropped by an Apple store in Chengdu, roughly 1,000 miles away, that was hosting a Tencent gaming tournament, Bloomberg reported.
He visited amid a report of sluggish iPhone 15 sales in the country, which is one of Apple’s largest markets.
The news comes after Foxconn’s billionaire founder, Terry Gou, announced his bid for presidency in Taiwan in August.
The White House recently introduced export controls on the sales of semiconductors that could make it difficult for Chinese companies to obtain chips made using US technology, which could further strain business relations between the US and China.
The original article contains 426 words, the summary contains 187 words. Saved 56%. I’m a bot and I’m open source!
No, that would be Disney
South Park demonstrated this quite nicely. Don’t fuck with the Mouse
you sure about that? Apple’s market cap is like 18x that of Disney, and they import a ton of physical good from China. Meanwhile Disney mainly only exports to China. Their imports are minimal, so I’m pretty sure any trade war would affect them much much less than Apple.
What the fuck is this garbage fluff? Yeah I’m really sure a fucking writer for a guy who’s been dead for 10 years has the inside scoop at apple.
OP should feel bad.
OP is a bot
Oh I guess it coded and configured itself!
None of this requires any contacts within Apple. They periodically release a suppliers list publicly and from their financial reports you can estimate how much goes through China and therefore their exposure.
I’m pretty sure Tim Apple has thought a bit about this problem and has some contingencies if the shit hits the fan.
Isaacson’s shotty work on The Elon Musk book really exposed how lacking his research is.
Where before, I’d go, “Isaacson probably did his homework. He’d know for sure with his probably well research deep dive.” Today, I’m probably assuming he just emailed their PR person and took what were they said and sprouted that.
Shame too.
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