Inside Apple's codependent relationship with China

CBS News contributor Patrick McGee examined Apple's deeply entangled economic relationship with China, where the company manufactures hundreds of millions of iPhones annually. The arrangement reflects Apple's dependence on Chinese manufacturing capacity and supply chains, while China benefits from the jobs and technology transfer that comes with being Apple's primary production hub. This codependency creates vulnerability for both parties—Apple faces geopolitical and operational risks if U.S.-China tensions escalate, while China's economy relies on continued access to Apple's high-margin contracts. The relationship underscores the broader challenge facing U.S. technology companies seeking to diversify manufacturing away from China while maintaining cost efficiency and meeting global demand.