Apple (AAPL) Moves to Diversify Supply Chain

Apple's (Nasdaq: AAPL) new low-cost iPhone will be produced primarily by a Taiwanese company called Pegatron Corp, according to reports in WSJ, citing sources. The change shifts Apple's supply chain away from Foxconn, a move that is likely an effort to diversify after glitches last year. Pegatron may also be charging less. In the past Foxconn was the subject of controversy due to its labor practices.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• Factbox-Trump's second-term agenda: revenge, trade wars, mass deportations
• Hilton lifts profit forecast on international travel demand