The electronics manufacturer Foxconn is ready to move productions out of China for the US markets, if needed. The company spokesman made the comments about the situation related to the US China trade disputes and the iPhones manufacturing situation in China.
Foxconn is the leading manufacturer partner of iPhones for Apple (AAPL) and according to the company 25 % of the total capacity is now outside China.
Apple shares closed up 1,16 % to 194,69 dollars in New York on Tuesday. The market cap for the company is now 896 billion dollars.