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Behind the Money

Why Apple can’t leave China

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 19 April 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee tells Michela why cutting ties will be extremely difficult.  


Clips from Fox News, CGTN, Yahoo, ABC 

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For further reading:

How Apple tied its fortunes to China

What it would take for Apple to disentangle itself from China

Tim Cook praises Apple’s ‘symbiotic’ relationship with China

Apple and Foxconn win labour reforms to advance Indian production plans

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On Twitter, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07)


Read a transcript of this episode on FT.com



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Transcript

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0:00.0

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0:02.0

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0:04.0

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0:05.0

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0:21.1

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0:23.0

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0:26.6

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0:28.3

And take action today.

0:38.7

It's December 2022 and the CEO of Apple, Tim Cook is in Washington DC to meet with lawmakers when he's approached by a reporter.

0:42.1

Hi, Mr. Cook, do you support the Chinese people's right to protest?

0:47.0

Do you have any reaction to the factory workers that were beaten and detained for protesting COVID lockdowns?

0:57.0

Cook doesn't respond. He keeps walking, stone-faced.

1:02.0

And he even tries to move to the other side of the hall. He keeps walking, stone-faced.

1:02.8

And he even tries to move to the other side of the hallway,

1:05.8

away from the reporter.

1:08.3

Do you regret restricting air drop access

1:11.1

that protesters used to evade surveillance from the Chinese

...

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