Apple adds $180 billion to its market cap
Digest more
Donald Trump wants Apple to make iPhones in the US. That won't happen, says journalist Patrick McGee, who just wrote a book on Apple's ties to China.
No one knows what will happen next. But Apple has reportedly scrambled to move some iPhone production from China to India. The uncertainty around its future has wiped hundreds of billions of dollars off its market value. Despite the deal, on May 13th Apple’s share price was still down by 13% since the start of the year.
Apple’s iPhone is the cornerstone of the company’s financial might. Can Tim Cook and his team sustain that growth in 2025 when the Chinese competition is outstripping them?
Apple’s success rests on the iPhone. The profitable pocket device helped turn it from a niche player in the personal computer industry into one of world’s largest companies, with a market capitalisation of almost $3 trillion.
Apple in China,” by Patrick McGee, tells the gripping tale of how the computer giant’s decades-long investment in China fueled its spectacular success and, in turn, accelerated
Apple can make products wherever it wants and wherever it's most profitable for investors, said the former US Commerce Secretary.
The world’s most valuable company has become so reliant on Chinese suppliers and sales that it would be worth half as much or less without them.
Cooling of trade tensions between the U.S. and China is undeniably good news for Apple. But not quite good enough. Apple rose around 5% Monday morning, after the [U.S. and China struck a deal](
Chinese e-commerce platforms are offering discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the U.S. tech giant fell further in its second-largest market.