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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
141.66 USD   +2.45%
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Apple looks to boost production outside China- WSJ

05/21/2022 | 11:11am EDT
FILE PHOTO: An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City

(Reuters) - Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter.

India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added.

Apple last month forecast bigger supply problems as COVID-19 lockdowns slowed production and demand in China.

The report said that Apple is citing China's strict anti-Covid policy and other reasons for its decision.

Apple declined to comment to WSJ and couldn't be immediately reached by Reuters on Saturday.

(Reporting by Nishit Jogi in Bengaluru, Editing by Franklin Paul)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 2.45% 141.66 Delayed Quote.-22.13%
S&P 500 INDEX 3.06% 3911.74 Real-time Quote.-17.93%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 394 B - -
Net income 2022 99 856 M - -
Net cash 2022 62 947 M - -
P/E ratio 2022 23,1x
Yield 2022 0,64%
Capitalization 2 293 B 2 293 B -
EV / Sales 2022 5,66x
EV / Sales 2023 5,30x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 141,66 $
Average target price 186,51 $
Spread / Average Target 31,7%
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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