As it stated in REUTERS/Darren HauckHANOI (Reuters) - Foxconn, the world's biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported. The report also comes as several executives of other corporations interviewed by Reuters singled out Vietnam and Thailand as preferred destinations should they need to shelter operations from the trade war. "Foxconn Group and the Hanoi People's Committee are working together to open an iPhone manufacturing facility in Vietnam to negate the impacts of the U.S.-China trade war," the Vietnam Investment Review reported on Monday. Taiwan's Foxconn, formally Hon Hai Precision Industry Co Ltd, said it would not comment on current or potential customers or any of their products. In trade talks on Saturday, U.S. President Donald Trump and Chinese President Xi Jinping agreed not to introduce any tariffs for 90 days as negotiations continue.
Massive iPhone Discounts Continue As Apple Risks Status For Sales
Traditionally the iPhone has been pretty bullet-proof to sales, discounts, and special offers. Apple's latest iPhones - the iPhone XR, iPhone XS, and iPhone XS Max, are not having the best retail experience. Apple wants more handset sales. Front and centre on the UK's Apple Store today was the price cut to the iPhone XR to £499. Cook may get a short-term boost of iPhone unit sales, but he is trading away Apple's vital and hard-earned status to do so.
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Clara William
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