Apple reportedly moving its gadget production line from China to Vietnam – EconoTimes

Amazon pulls out its Kindle store in China
Cryptocurrencies help NBA gain US$1.64 billion in annual sponsorship fees for 2021/22
Target employees in Virginia file legal charges against the company over alleged intimidation, spying
UFC retains BT Sport coverage in new multi-year UK rights deal
FamilyMart collaborates with 450-year-old teahouse for Uji matcha green tea frappe
Coupang added 30,000 jobs in 2021, raises membership fee
Ricoh launches digital camera that’s waterproof up to 14 meters
Cargill opens $21 million House of Chocolate in Belgium
Lotte Department Store in Busan temporarily closing due to conflict with the city government
Burger King unveils redesigned BK crown and partnership with Romero Britto as it marks its birthday
Samsung, Naver partner to set up Korea’s first private 5G network
S. Korea’s renewable energy-based power generation ratio hits new high of 7.5% in 2021
ESPN to air Basketball World Cups in Australia
Deutsche Bank’s DWS chief resigns after company raids for alleged ‘greenwashing’
Starlink approved in the Philippines, becomes first Southeast Asian country to have Elon Musk’s satellite internet service
Posco International reopens grain export terminal in Ukraine to partially resume operation
Elon Musk tells Tesla executive staff to return to the office or be fired

Apple reportedly moving its gadget production line from China to Vietnam
Photo by: Trac Vu/Unsplash
Apple to raise pay of corporate and retail workers in the US
Apple is moving out of China but not entirely, as it is only transferring part of its manufacturing for iPad components. The tech company will move the said production to Vietnam.
Nikkei Asia reported that this is the first time in history that Apple has ever made the move of withdrawing part of its production for iPad parts out of China. For decades, the iPad maker has been producing its entire line of products in the territory.
It was said that the company cited disruptions in the supply chain as well as unstable manufacturing schedules as the reasons for the decision to ditch the Chinese factory for Vietnam. The lockdowns in the country may have also contributed to the company’s resolution to start producing some parts of its iPad in another country.
As mentioned on Fox Business, business operations in China have been routinely suspended due to the government’s mandate related to COVID-19. The restrictions have forced factory workers to stay in their dormitories for an extended time, and plants are closed, so businesses were forced to halt their production and Apple may have already experienced this situation.
In fact, the manufacturing operations of other major tech firms such as Foxconn, Tencent, and Huawei were also affected by the country’s aggressive move to stop the spread of the COVID-19 virus. This strategy has been named the zero-COVID scheme in China.
As per CNBC, Apple will start moving some of its iPad production to Vietnam once the lockdowns are lifted. The firm is hoping that with its move, parts shortages for its gadgets will be solved or at least minimized.
The publication stated that this step being taken by the company just shows it is trying to do its best in meeting demand from consumers while also managing supply better. The transfer to Vietnam will also allow Apple to expand its parts manufacturing business outside of China.
In any case, Apple is already making some of its AirPods in Vietnam, and with the addition of the iPad components, the company is slowly extending its production in the country. It was said that the shift will also help bolster Apple’s profits with the sales it will be making from the iPads.
Is it possible to listen to too much music each day?
Show me the money: Employees not only want better pay, they want status
Why Vladimir Putin is so confident in his Ukraine strategy – he has a trump card in China
Climate crisis and the dangers of tech-obsessed ‘longtermism’
How the pandemic has affected periods
What is the best mask for COVID-19? A mechanical engineer explains.
Plant-based doesn’t always mean healthy
When should you go to hospital for a headache?
FxWirePro: EUR/AUD gains some upside momentum but still bearish
FxWirePro:GBP/AUD neutral in the near-term, scope for downward resumption
America’s Roundup: Dollar gains as strong U.S. data fuels hawkish Fed bets, Wall Street ends down, Gold slips, Oil settles up despite OPEC+ output hike plan, supply still tight-June 4th,2022
Burger King unveils redesigned BK crown and partnership with Romero Britto as it marks its birthday
Cryptocurrencies help NBA gain US$1.64 billion in annual sponsorship fees for 2021/22
F1’s Monaco GP draws 2 million viewers on Sky Sports
GM slashing prices of Chevy Bolt EV by 18%
Cryptocurrency deals help NBA obtain $1.6 billion in sponsorships
Coupang added 30,000 jobs in 2021, raises membership fee
Taiwan will continue to be trusted partner in the global chip industry
Back to Top ▲
©Elmin Media . All Rights Reserved. By using this site, you agree to the Terms of Service, Privacy Policy, and Cookie Policy.
Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
EconoTimes. Elmin Media LLC. All Rights Reserved. | 17 Seonyu-ro 49-gil, Yeongdeungpo-gu, Seoul, South Korea
Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02
Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon
Tel. +82.2.6332.2245
Sign up for daily updates for the most important
stories unfolding in the global economy.