Apple wants to cut down on its dependence on Chinese factories

Apple Inc. (AAPL), a technology business, has been reprimanded for relying too much on Chinese manufacturing facilities. The company is working to solve this problem and broaden its product line. In a study issued last week, Apple announced plans to increase production outside of China. Apple moved quickly to make this change because the country’s zero-tolerance policy on COVID-19 could cause factories to close at the same time as another government shutdown.

The company already has manufacturing facilities in Vietnam and India, which are expected to take over a large percentage of the company’s smartphone and other gadget production quotas in the near future. Now that additional production locations are available, Apple will have more choices. Apple’s stock prices rose on Monday, May 23, as a result of other news. A new version of Apple’s HomePod smart speaker is expected to come out before the end of 2022, according to some sources.

Although Apple has failed to compete with competing smart speaker manufacturers, the company’s infrastructure has the potential to develop significantly owing to its multi-million-strong iPhone user base. Analysts at UBS have found that the number of Chinese people who want to buy an iPhone is up 6% from last year. This is the highest level in six years, according to the UBS Evidence Lab. At the same time, the number of people in the United States who want to buy an iPhone has dropped by around 4%. However, the corporation has yet to notice these modifications. According to the company’s latest financial report, demand for smartphones, computers, and other electronics is still high