Apple plans to move production out of China

In recent weeks, Apple ink China has accelerated plans to move some of its production outside China, long the key country in the supply chain that built the world’s most valuable company, people involved in the discussions say. This is prompting suppliers to more actively plan to assemble Apple products elsewhere in Asia, particularly India and Vietnam, he says, and seek to reduce reliance on Taiwanese assemblers. Foxconn Technology Group.

The turmoil in a place called iPhone City helped spur Apple’s shift. In Zhengzhou, the sprawling city-within-a-city in China, more than 300,000 workers work in a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made up about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research.