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Stockreport

Tim Cook says Apple wants to invest more in Vietnam as smartphone maker distances itself from China [Fortune]

Apple Inc. (AAPL)  More Company Research Source: Fortune
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Earlier this week Apple announced its plans to expand its supplier network in Vietnam during CEO Tim Cook's two-day visit to Vietnam. Apple's decision to build up its manufacturing in Vietnam coincides with a prolonged initiative from the iPhone maker to make its supply chain less reliant on China. A process that has been years in the making since the pandemic era supply chain disruptions caused numerous headaches for Apple. They culminated in 2022, when a factory belonging to one of Apple's key suppliers, Foxconn, shutdown over a coronavirus outbreak during China's zero-COVID policy and reports of bad labor conditions , which reportedly cost the company $1 billion a week . The factory's closure led to a shortage of some 6 million iPhones, according to Bank of America After that incident Apple began pushing to move its supply chain to other countries in the region. Now it seems to have earmarked Vietnam as one of the countries where it will ramp up operations. Apple already make [Read more]
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Stockreport

Tim Cook says Apple wants to invest more in Vietnam as smartphone maker distances itself from China [Fortune]

Apple Inc.  (AAPL) 
More Company Research Source: Fortune
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Earlier this week Apple announced its plans to expand its supplier network in Vietnam during CEO Tim Cook's two-day visit to Vietnam. Apple's decision to build up its manufacturing in Vietnam coincides with a prolonged initiative from the iPhone maker to make its supply chain less reliant on China. A process that has been years in the making since the pandemic era supply chain disruptions caused numerous headaches for Apple. They culminated in 2022, when a factory belonging to one of Apple's key suppliers, Foxconn, shutdown over a coronavirus outbreak during China's zero-COVID policy and reports of bad labor conditions , which reportedly cost the company $1 billion a week . The factory's closure led to a shortage of some 6 million iPhones, according to Bank of America After that incident Apple began pushing to move its supply chain to other countries in the region. Now it seems to have earmarked Vietnam as one of the countries where it will ramp up operations. Apple already make [Read more]
IMPACT SNAPSHOT
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AAPL
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Price Change
Price Change %
Volume Shares
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS