Apple’s total net sales amounted to $365.82 billion in 2021.
Apple became the second largest smartphone vendor in the world with the iPhone.
The number of Apple Watch users worldwide reached more than 100 million in the year 2020.
The technology industry is one of the most important sectors in the world, that is why it is constantly changing. It was recently revealed that Apple plans to make Apple Watch smartwatches and MacBook Pro laptops in Vietnam, a move that follows a general trend in recent years of moving some of its production from China to the Southeast Asian country.
According to published data in its annual report, The Americas is Apple’s largest regional market, with net sales of US$51.5 billion. in the first quarter of the company’s fiscal year 2022.
Likewise, the report presented by the technology company indicates that Europe and China are two other important markets for Apple, with revenues above 25 billion dollars.
Apple arrives in Vietnam
According to Asia Nikkei, it detailed that Apple plans to manufacture Apple Watch smart watches and MacBook Pro laptops in Vietnam, a movement that follows a general trend in recent years of moving part of its production from China to this Southeast Asian country.
According to the Japanese newspaper, the Chinese company Luxshare Precision and the Taiwanese company Foxconn have begun trial manufacturing of the Apple Watch in a factory in northern Vietnam with the intention of moving part of its production outside of China for the first time.
On the other hand, Apple has also asked its suppliers to start a test production line for MacBook Pros in Vietnam, but the transfer of large-scale manufacturing has been slowed down due to problems linked to the pandemic and the complexity of the chains. of supply needed.
These decisions follow others by Apple in the same direction in recent years, in which Vietnam has become its second production center behind China, with the manufacture of products such as iPad tablets or AirPod wireless headphones.
AirPods were the first product whose production was moved to Vietnam, shortly before the start of the pandemic, following in the footsteps of other leading American companies in the face of tariffs imposed by the Donald Trump Administration on Chinese imports.
So far, the Biden Administration has not changed the import rates on Chinese products, which, together with the lower cost of labor in Vietnam, explains why the transfers continue.
Apple Watch manufacturing is made even more sophisticated because assembling so many components into such a small device requires high-tech skills, a challenge for Vietnamese engineers and developing industry. If it were possible to manufacture this equipment, it would be a great step for Vietnam in the context of the country striving to further develop the technology manufacturing sector.
Apple is not the only company that has diversified its production, as other major electronics manufacturers such as Google, Dell and Amazon have also set up production in Vietnam to diversify their production activities.
According to Nikkei Asia’s analysis of Apple’s latest list of existing suppliers, the number of Apple suppliers located in Vietnam increased from 14 partners to at least 22 in 2018.
The policy of moving its production to Vietnam marks a sea change for Apple, which had relied on China for almost all of its production needs for decades. But tight COVID-19 restrictions and other restrictive measures have brought a new focus on running the tech company.
“For Vietnam, Apple’s change has been a blessing. The number of Apple suppliers with facilities in the country has increased to at least 22 from 14 in 2018,” Nikkei Asia noted.
In this sense, the industries are making changes to cope with the new ways of consuming and scenarios that the economic crisis brings with it.
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