Is It Time to Drop Apple Stock Amid Supply Chain Chaos?
Apple (NASDAQ: AAPL ) is one of America’s most well-known brands. Its familiar logo can be found on phones and other devices in virtually every corner of the world. However, there’s a dirty little secret for AAPL stock. Apple does almost none of its manufacturing of iPhones and additional products in the United States or other developed countries. Rather, this is virtually all outsourced to China. In past years, this has been a profitable — if at times controversial — arrangement. However, Apple’s reliance on Chinese labor may now become the company’s Achilles’ heel. Ticker Company Current Price AAPL Apple $132.94 Expert Warns of iPhone Shortage Author, futurist and geopolitical expert and Peter Zeihan has called out Apple for its failure to secure its supply chain. In a recent discussion , Zeihan criticized Apple for failing to build any new supply chain capabilities in North America unlike companies like Intel (NASDAQ: INTC ) or Texas Instruments (NASDAQ: TXN ). Instead, Zeihan said that: “Apple is going the other direction.
Is It Time to Drop Apple Stock Amid Supply Chain Chaos?
Apple (NASDAQ: AAPL ) is one of America’s most well-known brands. Its familiar logo can be found on phones and other devices in virtually every corner of the world. However, there’s a dirty little secret for AAPL stock. Apple does almost none of its manufacturing of iPhones and additional products in the United States or other developed countries. Rather, this is virtually all outsourced to China. In past years, this has been a profitable — if at times controversial — arrangement. However, Apple’s reliance on Chinese labor may now become the company’s Achilles’ heel. Ticker Company Current Price AAPL Apple $132.94 Expert Warns of iPhone Shortage Author, futurist and geopolitical expert and Peter Zeihan has called out Apple for its failure to secure its supply chain. In a recent discussion , Zeihan criticized Apple for failing to build any new supply chain capabilities in North America unlike companies like Intel (NASDAQ: INTC ) or Texas Instruments (NASDAQ: TXN ). Instead, Zeihan said that: “Apple is going the other direction.