It's Benzinga and here's what's on the block.
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 countries third largest smartphone vendor behind
Oppo and Samsung.
Vietnam is a key location for Apple's assembly of products
beyond iPhones like MacBook,
iPad and Apple Watches. The visit comes as Apple faces
falling iPhone shipments and intense competition in high end markets
like China.
Apple is reducing reliance on China and diversifying assembly to
countries like India and Vietnam due to geopolitical and supply
chain risks for all things money.
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