Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Trump Wins? Foxconn Looks To Make iPhones In America
11-17-2016, 01:53 PM,
#1
Trump Wins? Foxconn Looks To Make iPhones In America
Trump Wins? Foxconn Looks To Make iPhones In America

<p>Donald Trump exclaimed that <strong><em>"we're going to get Apple to build their damn computers and things in this country instead of in other countries," </em></strong>in January, and now as <a href="http://asia.nikkei.com/Business/AC/Apple-could-make-iPhones-in-US-in-future-sources">Nikkei reports,</a> Key Apple assembler Hon Hai Precision Industry, also known as <strong>Foxconn Technology Group, has been studying the possibility of moving iPhone production to America</strong>.</p>
<blockquote><div class="quote_start">
<div></div>
</div>
<div class="quote_end">
<div></div>
</div>
<p><strong>iPhones might one day soon carry "Made in America" labels.</strong></p>
<p><strong>"Apple asked both Foxconn and Pegatron, the two iPhone assemblers, in June to look into making iPhones in the U.S.," </strong>a source said. "Foxconn complied, while Pegatron declined to formulate such a plan due to cost concerns."</p>
<p>Foxconn, based in the gritty, industrial Tucheng district in suburban Taipei, and its smaller Taiwanese rival churn out more than 200 million iPhones annually from their massive Chinese campuses.</p>
</blockquote>
<p><a href="http://asia.nikkei.com/Business/AC/Apple-could-make-iPhones-in-US-in-future-sources">Another source </a>said that while Foxconn had been working on the request from Apple Inc., its biggest customer that accounts for more than 50% of its sales, Chairman Terry Gou had been less enthusiastic due to an inevitable rise in production costs.</p>
<blockquote><div class="quote_start">
<div></div>
</div>
<div class="quote_end">
<div></div>
</div>
<p><strong>"Making iPhones in the U.S. means the cost will more than double," </strong>the source said.</p>
<p>&nbsp;</p>
<p>The person added that one view among the Apple supply chain in Taiwan is that U.S. President-elect Donald Trump may push the Cupertino, California-based tech titan to make a certain number of iPhone components at home.</p>
<p>&nbsp;</p>
<p>According to research company IHS Markit, it costs about $225 for Apple to make an iPhone 7 with a 32GB memory, while the unsubsidized price for such a handset is $649.</p>
</blockquote>
<p>While it is certainly too soon to cry 'victory' for Trump, the mere fact that the prospect of jobs coming back to America has to be a positive one (and inflationary by the looks of it).</p>


<div class="field field-type-filefield field-field-image-teaser">
<div class="field-items">
<div class="field-item odd">
<img class="imagefield imagefield-field_image_teaser" width="307" height="160" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161117_aapl.jpg?1479397763" /> </div>
</div>
</div><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/y1Pa2hdXQmA" height="1" width="1" alt=""/>


http://feedproxy.google.com/~r/zerohedge...es-america
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)