Won't China seize Apple's assets after it attacks Taiwan? Isn't one of the first things to happen in a kinetic conflict that TSMC permanently loses its domestic production capacity (so China does not gain it)? From there, wouldn't we evacuate millions of people by sea and then say "Goodbye" and watch their police Jimmy Lai those who remain? [If it all happens,] Apple could certainly reconstitute, but probably not in the productive lifetime of its current C-suite. Maybe after a while Samsung will offer to boot iOS on some of its models, or maybe the whole smart phone trend fades.