The greatest risk facing Apple Inc, producer of iPhone, Mac and iPad is China invading Taiwan.
Since most computer processing chips installed in the Mac and many components for iPhones and iPads are produced in Taiwan, Apple's production chain is heavily concentrated in Taiwan. Apple relies on Foxconn, the Taiwanese company to assemble iPhones, Macs and iPads.
So any disruption due to a possible China military incursion in Taiwan will severely disrupt Apple Inc.
If China tries to retake Taiwan, I forecast Apple's stock market capitalisation can fall 70 % from current levels.
Hopefully, a conflict will be avoided and peace will prevail!
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