• 8 months ago
Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the company looks to boost sales in new markets and diversify its supply chain. Vietnam is one of Apple's most important manufacturing hubs, with Apple becoming the country's third-largest smartphone vendor behind Oppo and Samsung. Vietnam is a key location for Apple's assembly of products beyond iPhones like the MacBook, iPad, and Apple Watch. The visit comes as Apple faces falling iPhone shipments and intense competition in high-end markets like China.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Apple CEO Tim Cook arrived in Hanoi, Vietnam on Monday as the company looks to boost sales
00:07in new markets and diversify its supply chain.
00:11Vietnam is one of Apple's most important manufacturing hubs, with Apple becoming the
00:14country's third-largest smartphone vendor, behind Oppo and Samsung.
00:19Vietnam is a key location for Apple's assembly of products beyond iPhones like MacBook, iPad,
00:24and Apple Watches.
00:25The visit comes as Apple faces falling iPhone shipments and intense competition in high-end
00:30markets like China.
00:31Apple is reducing reliance on China and diversifying assembly to countries like India and Vietnam
00:36due to geopolitical and supply chain risks.
00:38For all things money, visit Benzinga.com.

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