There are bucks to be made

Of course the fruit corporation bowed down to their Chinese masters yet again.

I mean, why let people try and fight against tyranny when there are bucks to be made.

Apple

Apple will ‘take years’ to diversify away from China, says Counterpoint Research

Apple will take years to diversify its China factories, as China’s Covid-19 lockdown persists and temporarily reduced iPhone 14 production, said Jeff Fieldhack, director of research at market research and consulting firm Counterpoint Research on CNBC’s “Squawk Box Asia” Tuesday.

Since the iPhone 14 models are popular and well-liked, “we are expecting the vast majority of consumers to wait until these devices are available”, Fieldhack said.

“As people still want high-end iPhones”, an analyst also told CNBC’s “Squawk Box Asia” Tuesday that he is bullish on Apple stock. – Source