> very possibly Apple moves production (not just sales) out of China
As a matter of fact, I am not sure that would be possible: It might well be that no other country has the capacity (machines and labour) to churn out that many iPhones. Would be interesting to hear if anyone has insight on that. (Tim Cook presumably knows...)
This has been Apple's line for quite a while, but over the last ten years I can't believe Mr Cook has not come up with a Plan B, given that the volatility in US-China relations is much more likely to affect iPhones than most other Walmart goods.
I admit it's total speculation, but I think the massive cash reserves are for that: to weather a disruption in production facilities and move production to a more US-friendly location.
As a matter of fact, I am not sure that would be possible: It might well be that no other country has the capacity (machines and labour) to churn out that many iPhones. Would be interesting to hear if anyone has insight on that. (Tim Cook presumably knows...)