But any shift out of China won't be quick, with over 35% of factories supplying Apple currently located in China. Some estimates say it will take until the end of the decade to move 10% of Apple's iPhone manufacturing out of the country. Moreover, what would happen to Apple's generous hardware margins as it attempts to leave China is unclear.
"The reality is that Apple is extremely limited in their options for the holiday season and are at the mercy of China's zero-Covid policy," Ives said."Now it's the painful waiting game to see what ramped production looks like over the next week for Apple to ease some iPhone shortages that are building globally."
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Business Maverick: Oil Halts Losses as China Covid Shift Reduces Demand ConcernsAfter three days of big losses, the oil market is finally taking a bit of a breather. Prices drifted within little changed territory as traders took a pause to assess whether further signs of China’s economy reopening could help support demand. I have lost so much through investing cause I was new and didn't meet the right account manager to invest with. I was at the verge of quitting till I was introduced to JamesAlderson0 and my story changed. its worth a try I can testify this platform. JamesAlderson0
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Business Maverick: China to ease quarantine, mass testing in nationwide Covid moveChina is set to announce a further relaxation of Covid control measures as soon as today — including allowing some infected people to home quarantine as a nationwide policy, and reining in unnecessary testing — according to people familiar with the matter, as the government continues to quickly ease its zero-tolerance strategy amid growing public discontent. What a scam
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Business Maverick: Asian stocks mixed with focus on Fed, China Covid: markets wrapAsian stocks were mixed on Tuesday as investors weighed unexpectedly strong US services data and China’s accelerated moves toward exiting its Covid-Zero policy.
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