China is unlikely to push Apple out of the country, Shehzad Qazi of China Beige Book told CNBC.
"In sectors where they think reliance on American firms — software, hardware, anything talked about — is going to become a national security threat, they want American companies out.
"In essence Apple needs China and China needs Apple despite all the noise," he said.
"With 90% of the supply chain cemented in China Apple will over time move some manufacturing to India, Vietnam, and other regions.
However, the vast majority of its iPhone production and suppliers will remain in China and this trip was Apple essentially doubling down on China."
Persons:
Shehzad Qazi, Wedbush's Dan Ives, —, Qazi, disinvestment, Dan Ives, Tim Cook, Ives
Organizations:
CNBC, Apple, Service, Micron, Intel, AMD, Wedbush Securities, China Development, China Apple
Locations:
China, Beijing, That's, India, Vietnam, Shanghai