Of course it isn't but Tim Apple cares about profits, profits, profits. As is the way for any corporation. They love to posture with "green initiatives" but at the end of the day they will do business with anyone who makes them money.
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Apple CEO Tim Cook Pledges to Increase Investment in China
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Don’t be bitching Apple shareholders when Trump tariffs trash the stock.
In the long term the US has to decouple from Chinese manufacturing. Tim’s not a long term thinker.
In the long term the US has to decouple from Chinese manufacturing. Tim’s not a long term thinker.
That's correct. As per American law, they prioritize profits and shareholder return first. To not do so would be to breach their fiduciary duty. I'm sure the focus could change if the American Government were to take a controlling stake in private company Apple, but that would be the exact same thing that we complained about with China (and what that pesky guy about a century ago in Germany did). The question is, do you want guardrails/limits on capitalism or not? Can't have it both ways.
Tim will just give him another gold encrusted trophy.
The Friedman Doctrine (from Milton Friedman) has been absolutely noxious and done so much harm.
The decoupling of shared prosperity has destroyed the US and led it to where it's at politically today.
Or the people creating/running companies could choose to stay private, and not be beholden to the fiduciary duties that come with running a public company. It's all about choices. But, greed is king.
That’s literally the job of a CEO of a for profit publicly traded corporation. However per Peter Drucker Apple delivers services that people want and their revenue accrues from those services. And Tim Apple gets a hat tip for the outstanding job he’s done as ceo of Apple - hand picked by Jobs.
Of course, just like us all. But that doesn’t mean companies can’t do a better job with the environment. It’s not an all or nothing statement.
True, but you can maximize shareholder value without increasing business in a country that we are in a cold war with and that has been committing genocide for the better part of a decade now.
The reason to invest in China is not just for manufacturing ... although that is one good reason.
If you look at mainstream peer-reviewed international scientific and engineering research journals, you will find that the majority of articles (i.e. >50%) are from China, with perhaps 10% from the US (next largest) and then the rest of the world. This is the new reality ... totally different from even just a decade ago. The Chinese are investing huge amounts of money in science and engineering, and some of this works its way through to innovation and new ideas in the marketplace. Meanwhile the present US administration appears to be waging a war against its own (and still world-leading) science and engineering research universities ... that does not bode well for the future.
If China decided tomorrow they will not manufacture or share their expertise in manufacturing to Apple, Apple is screwed. Moving a manufacturing base to the US, even if only for domestic consumption takes years. Long after this administration is a lesson in the failure of the US republic.
Cook is an outstanding long term thinker and the decision to do this is a smart move. Trump tariffs exacerbate day - to - day volatility. You are confusing that with solid long term strategy and execution. Cook built the supply chain and manufacturing side of the business, not Jobs or any one else at Apple.
Well that’s not the way the world works. But I think those who want to take this to the nth degree should show us exactly how to avoid all products that pass through conflict countries.
Excellent response and explanation.
On most tech website and forums there is a serious lack of business, strategy and financial acumen. Those of us with significant experience in these areas see it reflected in the comments on a regular basis. Excellence and advanced knowledge from software ngineers, developers and creative professionals very often does not translate well to these important aspects of running a business, tech or otherwise. I see it reflected in a high percentage of comments that touch on those areas.
In the mean time the US is imprisoning Koreans who wanted to build a factory and create jobs for Americans. Lol!
Tim is spending a lot of time schmoozing up to the worst people he can find.
So how do you do that leaving China out of the mix. We are in an economic war with them. We are not in a Cold War with China although we look more like them everyday with an administration that seems to aspire to copy most aspects of how they govern.
He's running a business, not a tea and crumpet party for a social circle that is all nice and dainty.
Besides, America is rapidly becoming just as ugly on the inside as China is.
Tim loves cheap labor, sweat shops
Tim sucks up to anyone who can save him a penny! He doesn't care about the labor practices and sweat shops in China.
Tim works for the shareholders. It would seem that you are not one of them. Apple is not a social experiment and any inference that they are is market smoke.