There’s increasing unrest in China over the zero-COVID policy’s impact on people’s lives and the economy, but this tension has started to spill over to Apple (AAPL -1.52%). The company is one of the biggest outsourced manufacturing partners in the country and relies on China for nearly all of its products. In the video below, Travis Hoium highlights just how big the risk is, using Apple’s own words.
*Stock prices used were end-of-day prices of Nov. 25, 2022. The video was published on Dec. 1, 2022.
JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple and JPMorgan Chase &. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
