[Dr. Sivana]

Ives: Why U.S. Made iPhones is a “Fairy Tale” #shorts Schwab Network https://www.youtube.com/watch?v=7v07ptdz4X4

His suggestion of $3,500 per phone is the fairy tale.Labor is a small part of the cost of iPhone production

From Perplexity.ai:
The portion of the cost of building an iPhone that is attributed to labor is estimated to be relatively low, generally around 5-10% of the total manufacturing cost. Labor wages for assembly workers, primarily in China through companies like Foxconn, average about $10 per hour, with some variation. The overall labor cost is a small fraction compared to the high cost of components and other expenses involved in production. For example, in the cost breakdown of making an iPhone 15 Pro, the total cost is about $558, and labor represents a minor share of this total.

If iPhone production were moved to the United States, labor costs alone could increase the manufacturing cost by approximately 25%, potentially making labor cost a much larger portion of the overall cost due to the higher U.S. wages. But under current assembly conditions overseas, labor costs stay within that 5-10% range of total production costs.

[SunkenCiv]

Based on the number of interviews and every financial network and website on which he appears, he must spend very little time in the office. 😊