A lot of AAPL production in China is sold in China.
Taiwan-based Foxxconn, which assembles most phones and laptops, owns none of the factories it uses in China. Local Chinese governments supply the plant and the workers.
Foxconn owns the assembly equipment inside the factory and also operates assembly factories in Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.