Apple might be headquartered in Cupertino but its heart is in China.
AdvertisementAdvertisementApple's leadership may operate from the 175-acre, tree-covered campus in sunny Cupertino, California but, in reality, the company's center of gravity is in China.
Roughly 95% of Apple products including iPhones, AirPods, Macs and iPads are reported to be made in China .
And multiple media outlets reported that China had banned iPhones for government staffers, knocking its share price.
Apple CEO Tim Cook likes to present the company's decades-long involvement with China as a cause for celebration.
Persons:
—, Research, Tim Cook, Anshuman, Gene Munster, Jay Newman
Organizations:
Apple, CCP, Service, Hindustan Times, Deepwater Asset Management, Elliott Management, Huawei, China, Forum
Locations:
Cupertino, China, Cupertino , California, iPhones, India, Taiwan, Beijing