Patrick McGee: Apple is Down 15% and Going Lower

July 19, 2025

Patrick McGee writes a fascinating story of Apple’s long history in China where it spent trillions on developing supply chains and training millions of skilled-workers and in the process helped China become the global leader in smart phones. Patrick explains why no other country can produce the iPhone to the standards demanded by Apple and in the quantities needed. As a result Apple is totally immersed and dependent on China and can not leave. Patrick explains the risks associated with Apple’s reliance on China and also Apple’s reliance on Taiwan for advanced semiconductors.

Fun Facts on Apple:

In 2024, Apple had revenues of $391 billion

Apple has revenues of more than $1 billion every single day of the year

226 million iPhones were produced/shipped in 2024

17-18% of Apple’s revenues come from China

Patrick McGee is a compelling keynote speaker, bringing over a decade of global journalism experience from the Financial Times and The Wall Street Journal. His award-winning reporting on Apple, electric vehicles, and emerging technologies offers audiences unparalleled insights into the forces shaping our digital future. As the author of Apple in China, he delivers a deeply researched, behind-the-scenes look at how the world’s most valuable company became entwined with America’s biggest rival. With his engaging storytelling and sharp analysis, Patrick McGee provides event attendees with thought-provoking perspectives on technology, business, and global markets. To host him for a speaking engagement, contact WWSG.