this post was submitted on 25 Oct 2023
46 points (70.9% liked)

Technology

59612 readers
3836 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
46
'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate (www.businessinsider.com)
submitted 1 year ago by L4s to c/technology
10 comments fedilink hide all child comments
 

'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate::Tim Cook recently visited China for the second time this year amid reports of sluggish iPhone 15 sales and a probe into big tech supplier Foxconn.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago

This is the best summary I could come up with:

As more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate.

That's according to Walter Isaacson, the biographer of late Apple cofounder Steve Jobs and Tesla CEO Elon Musk, who told CNBC's "Squawk Box" on Tuesday that he thinks Apple will find it most difficult to decrease its reliance on China, which manufactures the vast majority of its products.

On his unexpected visit, he met with Chinese commerce minister Wang Wentao in Beijing and dropped by an Apple store in Chengdu, roughly 1,000 miles away, that was hosting a Tencent gaming tournament, Bloomberg reported.

He visited amid a report of sluggish iPhone 15 sales in the country, which is one of Apple's largest markets.

The news comes after Foxconn's billionaire founder, Terry Gou, announced his bid for presidency in Taiwan in August.

The White House recently introduced export controls on the sales of semiconductors that could make it difficult for Chinese companies to obtain chips made using US technology, which could further strain business relations between the US and China.

The original article contains 426 words, the summary contains 187 words. Saved 56%. I'm a bot and I'm open source!