Trump Can't Make Apple's iPhone Manufacturing Come Back -- And It Wouldn't Help If He CouldFrom writer Tim Worstall:
One of those famed promises of Donald Trump’s is that his policies, now that he’s President-elect, will make Apple bring back their iPhone manufacturing to America. Ever so slightly an odd claim given that they never have been domestically manufactured so “back” isn’t really possible. Further, as one of my colleagues points out, it’s not really true that if tariffs are placed upon Chinese imports then the production will relocate to the U.S. Could well go somewhere even cheaper. There’s also the problem that the U.S. almost certainly doesn’t have the hinterland to be able to produce in such volumes.Yes, what could Trump possibly know about business? He only has an MBA from Wharton and built a $10 billion global conglomerate.
Worstall's post went online at 8:01 a.m.
Two hours later, Nikkei Asian review posted:
Apple could make iPhones in US in future: sources
TAIPEI -- iPhones might one day soon carry "Made in America" labels.
Key Apple assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, has been studying the possibility of moving iPhone production to the U.S., sources told the Nikkei Asian Review.
"Apple asked both Foxconn and Pegatron, the two iPhone assemblers, in June to look into making iPhones in the U.S.," a source said. "Foxconn complied, while Pegatron declined to formulate such a plan due to cost concerns."
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.
Oh and there was this last night:Another source 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.
Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky - no Mexico— Donald J. Trump (@realDonaldTrump) November 18, 2016
Sometimes the American media looks like the largest collection of the dumbest people on Earth.I worked hard with Bill Ford to keep the Lincoln plant in Kentucky. I owed it to the great State of Kentucky for their confidence in me!— Donald J. Trump (@realDonaldTrump) November 18, 2016
They have learned nothing -- nothing -- in this election.