As the U.S.-Chine trade war continues, so does the threat of further tariffs being imposed by President Trump. They could potentially cut deeply into the profit margins of the iPhone, but according to Foxconn, Apple has nothing to worry about.
As Bloomberg reports, Hon Hai Precision Industry Co. Ltd, which trades as Foxconn, is Apple's major manufacturing partner for the iPhone and iPad. Most of this manufacturing occurs in China, where Foxconn operates 12 factories spread across nine cities. If tariffs were introduced that hit the iPhone, it would be a huge problem for Apple. However Hon Hai board nominee and semiconductor division chief Young Liu believes it won't be a problem. Read more...More about Iphone, Foxconn, Tech, and Consumer Tech