Apple’s US$44bil drop shows growing cost of China reliance

People familiar with iPhone production have said that it is nearly impossible to relocate manufacturing of Apple’s iconic device in a wholesale manner due to the difficulty of procuring a skilled labour force elsewhere, a point that Cook has hammered away at in public as well. — Bloomberg

Apple Inc’s reliance on China is looking increasingly like its biggest handicap.

The world’s most influential consumer electronics company shed US$44bil (RM184.91bil) of market value on Aug 23 after a pair of pronouncements from Beijing and Washington cast a spotlight on its massive Chinese production base, from which almost all of the world’s iPhones are made.