Tim Cook's Goal To Slash Assembly Workers By Up To 50% Faces Setback: Apple Reportedly Facing Precision Issues With Robots While Assembling iPhones
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) is facing challenges in its plan to reduce its iPhone assembly workforce by up to 50% due to precision issues with robots. The move towards automation is influenced by past supply chain disruptions and labor issues, but it requires significant investment in machinery.
June 25, 2024 | 11:18 am
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Apple's plan to reduce its iPhone assembly workforce by up to 50% is facing setbacks due to precision issues with robots. This move towards automation is influenced by past supply chain disruptions and labor issues, but it requires significant investment in machinery.
Apple's automation efforts are crucial for reducing labor costs and mitigating supply chain risks. However, precision issues with robots and the need for significant investment in machinery could delay these plans, leading to a neutral short-term impact on the stock.
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