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This. Plus, their dependence on Chinas goodwill makes them vulnerable. China commands significant power over Apples manufacturing capabilities. Just take a l
by tucosan 5y ago
This.
Plus, their dependence on Chinas goodwill makes them vulnerable.
China commands significant power over Apples manufacturing capabilities.
Just take a look at Apples supplier list ^1
This is the opposite of antifragile.
Tencent, Pinduoduo, Alibaba are prime examples of how much influence the Chinese government is willing to exercise over companies in case it finds them to not be aligned with it's own interests.
The Chinese government effectively has access to the private iCloud keys for Apples Chinese users.
From an investors perspective I'm a bit bearish on AAPL.
^1: https://www.apple.com/supplier-responsibility/pdf/Apple-Supplier-List.pdf https://www.apple.com/supplier-responsibility/pdf/Apple-Supp...