As high tech as they are, looks like Apple (and others) could build completely automated factories to build their products in the USA so ‘labor’ costs would be minimal...........
As it is, the top line iPhones cost over $1k. I’m really not interested in paying $2k or $3k for one. I doubt many people are. As good as Trump’s powers of persuasion may be, I doubt we will be seeing iPhones built primarily in the US.
it’s certainly a rational bet on your end....not much innovation on the company’s part since Jobs’ passing. Yet it’s trading at a 30x+ forward P/E with single-digit earnings growth.
It is not the role of the President of the United States to tell individual companies where to produce their products. Dictators tell companies how to operate their businesses, not elected presidents.
The role of the president is to devise, sell to Congress, and implement regulatory, legal, and tax policies that create economic conditions favorable to companies locating manufacturing facilities in the United States. Where individual companies, such as Apple, decide to locate is for the company management and board of directors to decide.
The founding fathers would be shocked to hear a president telling the CEO of one of the largest and most successful American companies how to do his job. They would consider such direction an act of tyranny.
Apple...
What you sell in the US...
Build in the US...
Like Henry Ford knew when he raised the wages of his workers
You need Americans to buy your products ...so
Americans need to have jobs that make them the money to buy your products
Tim Apple lying?!?
I have no problem with Apple building in India, if the products it builds in India are for the markets in India and surrounding countries.
There is no way Americans are going to work for $5 hr or less to keep the iPhone affordable and not adding $1000 to the price. There are not hundreds of thousands of vocationally skilled workers in the US [ let alone in some city ] to do the assembling.
47 knows that US iPhone assembly is not possible, and if he forces the issue, he would destroy Apple.
Who predicted it would be the GOP that would give us a centrally planned economy?
The amount of labor per phone is trivial compared to what the retail price is. They could build them inthe USA.
Before there even was an Apple, electronics manufacturers were saying that American fingers weren’t small enough and nimble enough to do the job.