2/18, 7:33 PM (Source: TeleTrader)
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Chart for: Apple Inc.

Report: Apple shifts China production to Taiwan due to virus

Due to the ongoing outbreak of the coronavirus in China, Apple is moving the production of its flagship products out of the country to Taiwan, DigiTimes reported on Tuesday, as it tries to diversify its supply chain.

The list of products that will allegedly be produced in Taiwan includes AirPods Pro Lite, iPad and Apple Watch.

Earlier, the US tech giant announced that it will likely not meet its second-quarter revenue target due to the breakout of the deadly disease that has ravaged China's economy in recent weeks. iPhone maker's shares dipped 2.20% at 1:28 pm ET, leading a selloff on Wall Street.

Breaking the News / GG