Apple is ready to leave China as COVID protests delay iPhones past Christmas. That could take a decade and cost billions.
But any shift out of China won't be quick, with over 35% of the factories supplying Apple 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, it's unclear what would happen to Apple's enormous hardware margins if it attempted to leave China.
"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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