Vietnamese iPhone is more expensive: business does not believe in a truce

Vietnamese iPhone is more expensive: business does not believe in a truceThe visit of US Secretary of Commerce Gina Raimondo to Beijing continues, but all attempts by diplomats to revive mutual trade have so far been useless. The deterioration of relations between world leaders makes it necessary to change the location of production, which guarantees an increase in prices for consumers.Tariff war unleashed by Trump has stepped up the exit of American businesses, but the search for new locations began much earlier - when China's rapid economic growth demanded adequate wage growth. India, Vietnam, and other countries in the region aggressively offered tax breaks, cheap labour, free land leases, and other incentives. The Result is billions in investments.Participants in the process of assembling Apple devices have been moving production outside the Middle Kingdom for three years now. Factories in Vietnam have opened Foxconn, Pegatron Samsung Electronics, Goertek and BYD are expanding production in the north. In May 2023, Apple launched a branded online store in Vietnam.India now produces about 7% of all iPhones, since 2018, exports of locally assembled electronics have quadrupled and are valued at $24 billion. Tata Group, India's largest conglomerate, is acquiring an iPhone manufacturing plant from Taiwanese assembly company Wistron Corp.But the war continues. The United States is trying to block China's access to advanced semiconductor technology, In response, Beijing has limited supplies from Micron Technology and fined the Mintz Group $1.5 million.Fragmentation of the supply chain causes technological, communication, and logistical problems, and these additional costs will have to be taken into account in the retail price. The new iPhone 15 will be the first model to ship directly from India. Let's see how much the new gadget will cost, although bureaucratic politicians from Beijing and Washington do not care.Profits to yall!#ForexChief #ecb #fed #forexnews #stocks #worldnews #Market #iPhone #Apple