‘Steve Jobs’ biographer Walter Isaacson says Apple will be the company ‘most hurt’ if economic tensions between US and China escalate::Tim Cook recently visited China for the second time this year amid reports of sluggish iPhone 15 sales and a probe into big tech supplier Foxconn.
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As more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate.
That’s according to Walter Isaacson, the biographer of late Apple cofounder Steve Jobs and Tesla CEO Elon Musk, who told CNBC’s “Squawk Box” on Tuesday that he thinks Apple will find it most difficult to decrease its reliance on China, which manufactures the vast majority of its products.
On his unexpected visit, he met with Chinese commerce minister Wang Wentao in Beijing and dropped by an Apple store in Chengdu, roughly 1,000 miles away, that was hosting a Tencent gaming tournament, Bloomberg reported.
He visited amid a report of sluggish iPhone 15 sales in the country, which is one of Apple’s largest markets.
The news comes after Foxconn’s billionaire founder, Terry Gou, announced his bid for presidency in Taiwan in August.
The White House recently introduced export controls on the sales of semiconductors that could make it difficult for Chinese companies to obtain chips made using US technology, which could further strain business relations between the US and China.
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