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Apple works with Chinese suppliers for latest iPhones - Nikkei

Stock Markets Aug 04, 2021 10:26AM ET
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© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium July 2, 2021. REUTERS/Yves Herman/File Photo

(Reuters) - Apple Inc (NASDAQ:AAPL) is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms.

The iPhone maker has warned of supply shortages as the U.S.-China trade tensions and the coronavirus pandemic have intensified pressure on global supply chains.

Beijing is also strengthening efforts to create world-leading local tech firms, with apparently government-supported Chinese firms working to manufacture products for global firms including Apple.

According to the Nikkei report, China's Luxshare Precision Industry Co Ltd is set to build up to 3% of the iPhone 13 series, Lens Tech Co Ltd will supply metal casings and Sunny Optical Tech Group Co Ltd will supply rear camera lenses. BOE Tech Group Co Ltd will also supply components.

Apple boss Tim Cook in July said there were "some shortages" and that it was difficult to get the entire set of parts within the lead times.

"The company is pulling all the levers it can, from a global supply-chain standpoint (including China) to minimize the disruption to its sales," said Tom Forte, an analyst at D.A. Davidson & Co.

"Tim Cook is part CEO and part diplomat... Cook has proven capable at enabling Apple to continue to leverage China from a supply-chain standpoint and generate a lot of revenue from selling products to Chinese consumers."

Apple did not immediately respond to a Reuters request for comment.

Taiwan-based Foxconn has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare to look into whether the company is supported by any Chinese government entity, Reuters reported last year.

Luxshare won orders over Foxconn and Pegatron Corp, and will start building the iPhone 13 Pro this month, the paper said.

Apple works with Chinese suppliers for latest iPhones - Nikkei
 

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Comments (2)
TL Chan
TL Chan Aug 04, 2021 9:42PM ET
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Tim Cook failed already! Many CEO have already set up supply chain internationally excluding CCP. They definitely have better vision and long range planning capability, as Sloan Alumni kept criticizing this type of CEO beside the ethic and brand image tied to inhuman CCP .
David David
David9 Aug 04, 2021 9:42PM ET
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You wrong.... more than 95% of companies choose China. China has the best infrastructure, most skilled, supply churns setup in Just in Time... so it is very hard for another country to compete...
Kaveh Sun
Kaveh Sun Aug 04, 2021 2:13AM ET
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Apple support a commie own company so China dont choke Apple. Money is the bottom line for Cook.
David David
David9 Aug 04, 2021 2:13AM ET
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You wrong... China is not communist, China is Socialist with Chinese characteristics...
 
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