Apple shareholders rejected a proposal on Tuesday that called for the company to issue a report detailing its heavy reliance on China for manufacturing the majority of its products.
This decision follows Apple’s ongoing, nearly decade-long efforts to diversify its supply chain away from China, including by shifting production to countries such as Vietnam and India.
Reuters:
During a question-and-answer session, Apple Chief Executive Tim Cook told shareholders that the company continues to plan for annual increases to its dividend but is prioritizing investments in technologies such as AI.
“We start by making all of the investments we believe are necessary to grow and manage our business, to innovate and to support our roadmap of products and services,” Cook said. “That’s our highest priority. It’s what drives decisions around investments, and it’s what has the biggest impact when it comes to creating value for shareholders.”
MacDailyNews Take: In a related move announced earlier today, Apple revealed plans to begin assembling some Mac mini computers in America — specifically at an expanded facility in Houston — to help meet domestic demand, with production set to start later this year.
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