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Stock impact report

Apple will 'look at' manufacturing in Indonesia, CEO Cook says, as China diversification push continues [MSNBC.com]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: MSNBC.com
Key PointsIn this articleApple CEO Tim Cook gestures as he arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024.Bay Ismoyo | AFP | Getty Images"We talked about the president's desire to see manufacturing in the country and it's something that we will look at," Cook told reporters after the meeting."I think the investment ability in Indonesia is endless. I think that there's a lot of great places to invest. And we're investing. We believe in the country."Over the past three years, Apple has been accelerating its push to diversify its manufacturing base beyond China after the Covid-19 pandemic exposed the Cupertino giant's reliance on the world's second-largest economy.Covid disruptedoperationsproductionApple has since sought to broaden its base of manufacturing.Vietnam has been a key beneficiary, becoming one of Apple's biggest manufacturing hubs outside of China. Products such as the MacBook, iPad and Apple Watch are being man Show less Read more
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