January 6, 2024

Apple’s suppliers have so far spent $16 billion to move from China – William Gallagher (Apple Insider)

Apple’s suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018


“Over the last four years since the start of the pandemic, we estimate Apple’s revenues have been impacted by over $30 billion,” says TD Cowen in the note. This comes from “undersupplying the market due to production disruptions stemming from component supply, available labor pool, and/or government-mandated movement restrictions.”

H/t: Instapundit