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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
174.55 USD   +0.88%
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Apple asks suppliers to follow China customs rules - Nikkei

08/05/2022 | 06:51am EDT
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York

(Reuters) - Apple Inc has asked suppliers to ensure that shipments from Taiwan to China comply with the latter's customs regulations to avoid them from being held for scrutiny, according to a Nikkei report on Friday.

Sino-U.S. trade tensions have escalated following U.S. House of Representatives Speaker Nancy Pelosi and a congressional delegation's visit to Taiwan.

The iPhone maker told suppliers that China had started enforcing a long-standing rule that Taiwanese-made parts and components must be labeled as made either in "Taiwan, China" or "Chinese Taipei", the report added, citing sources familiar with the matter.

Apple did not immediately respond to a Reuters request for comment.

Apple iPhone assembler Pegatron Corp said its mainland China plant is operating normally, in response to a media report that shipments to Pegatron's factory in China were being held for scrutiny by Chinese customs officials.

Taiwanese supply and assembly partners Foxconn and Pegatron are ramping up manufacturing efforts as Apple is set to launch its new iPhone in September.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.88% 174.55 Delayed Quote.-1.70%
MSCI TAIWAN (STRD) 0.41% 576.187 Real-time Quote.-22.75%
NIKKEI 225 1.23% 29222.77 Real-time Quote.0.27%
PEGATRON CORPORATION 0.96% 62.8 End-of-day quote.-9.12%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 393 B - -
Net income 2022 99 582 M - -
Net cash 2022 56 335 M - -
P/E ratio 2022 28,6x
Yield 2022 0,52%
Capitalization 2 805 B 2 805 B -
EV / Sales 2022 7,00x
EV / Sales 2023 6,62x
Nbr of Employees 154 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 174,55 $
Average target price 181,22 $
Spread / Average Target 3,82%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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