China’s Days as World’s Factory Are Over, IPhone Maker Says
- Hon Hai planning separate supply lines for the two big markets
- Company’s earnings outperformed expectations but warns on Q3
An employee wearing a protective mask checks the temperature of customers outside an Apple Inc. store in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.
A key supplier to Apple Inc. and a dozen other tech giants plans to split its supply chain between the Chinese market and the U.S., declaring that China’s time as factory to the world is finished because of the trade war.