That money will do nothing other than enrich Apple executives and stockholders. As an owner of several thousand share of AAPL, I like that. As an American, I don't.
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Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America
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That money will do nothing other than enrich Apple executives and stockholders. As an owner of several thousand share of AAPL, I like that. As an American, I don't.
You are going to be waiting a long time for that.
Trump boycotted Apple for not helping the FBI get into the San Bernardino killer's iPhone. Did you miss that?
12M jobs in manufacturing today is not "no longer". Certainly it's not full output, but no one wishes for a fully industrialized economy. We wish for full allowable output. (for reference: 110M are employed in non-manufacturing, but that includes transportation and government). A manufacturing to services ratio of 1:10 is not bad at all. I wish it was 1:5.
The other meaningful info is the actual output.:
Manufacturing: 6,944,000,000
Services (incld. gov't and transportation): 19,090,000,000
or a 1:3 ratio... or 578/worker for manufacturing and 173/worker for services.
Now, tell me how US manufacturing isn't strong.
At least they are talking and Trump is willing to make sweet tax exemptions for massive American Corporations like Apple. This is a start.
He isn't asking apple to restructure their compete iPhone manufacturing operation.
But for Apple to at least met somewhere in the middle to bring some jobs and revenue over to the U.S. if feasible.
He isn't asking apple to restructure their compete iPhone manufacturing operation.
But for Apple to at least met somewhere in the middle to bring some jobs and revenue over to the U.S. if feasible.
Very true, you also need to help Small Business, but that's where the local government can help the most rather than the Feds.
Let me point out that a lot of small businesses depend on those large corps. You don't want to punish either one.
How do we know this isn't complete BS? Trump lies and exaggerates all the time.
and who's going to work there? the pay may be less than ideal...and how will they treat employees, they surely can't get away with the treatment they have in china.
thats what they said 10, 15, 20, 30 years ago...maybe soon enough
Apple building a large plant is unlikely (but they might make another symbolic move like they did with the Mac Pro). That said a big tax cut on overseas income is a very good possibility. That would benefit Apple, Google, and Microsoft, among others. They could pay dividends without having to borrow money, or in Apple's case they could send the money back to update their stores without incurring debt. Apple has lots of cash, but most of it is stuck overseas.
Take Trump up on his offer Tim.
If it works out you'll have done more for America and for Apple than any piddling 'activism' promotion in decades.
If it works out you'll have done more for America and for Apple than any piddling 'activism' promotion in decades.
Frozen numbers in time don't speak as loudly as trends. Fact: Manufacturing is on the decline in America. I'm sorry you "wish" a certain ratio, but again, what is fact and what you want, are two different realities.
NO ONE would produce iPhones for the same wages that Chinese workers are being paid. If Trump imposes tariffs on Chinese goods, it will literally destroy our economy. You don't see any educated economists supporting Trumps's ideas for this reason alone.
But that's the thing, it won't. Let's pretend Apple does build big factories in the US to make their products. How many new jobs do you think it will create? I'd actually bet it wouldn't be as much as you'd think. They would 100% use this opportunity to automate as much as they can. Who would pay for all this? The US tax payers since they gave heavy cuts to Apple
You do realize that manufacturing iPhones here would be a logistics nightmare. All the major and minor parts for modern electronics are made in Southeast Asia. So now all those parts will have to be shipped here for assembly. The turn around time from design to production will increase. The procurement costs will increase. And most definitely the shipping costs will increase.
To stem the costs of all that would require a smaller workforce and more automation. So no real change... but we get to say 'made in 'Murica!'
And BTW.... those of you who fell for the 'I'm a successful businessman' schpeal....
A country is not a business.
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Exactly. See the decline (what you say is true), do something to reverse - or at least stop - the trend. What, are we going just to let things be now?
Manufacturing is not in decline because "Americans don't want to work".
In a recent interview with The New York Times, President-elect Donald Trump said he received phone calls from Apple CEO Tim Cook and Microsoft co-founder Bill Gates after winning the presidential election earlier this month.
Donald Trump at The New York Times offices in Manhattan
Trump told Cook it will be a "real achievement" for him when he gets Apple to make its products in the United States, as opposed to countries like China and Vietnam where many of its current manufacturing partners operate.Cook acknowledged the proposition by nondescriptly saying "I understand that," according to Trump.
Trump said he is confident Apple will turn to U.S. manufacturing based on the incentives he plans to offer the iPhone maker, including a "very large tax cut" and "substantial regulation cuts" for corporations.A recent report said Apple asked its Taiwanese manufacturing partner Foxconn to study the possibility of moving iPhone production to the United States, although Foxconn chairman Terry Gou is said to be less enthusiastic about the idea due to inevitably higher production costs compared to China.
While campaigning at Liberty University in Virginia earlier this year, Trump said "we're going to get Apple to start building their damn computers and things in this country instead of in other countries," while he has also threatened to introduce a 45% tax on products imported from China.
Cook previously said Apple manufactures iPhones in China because the country has put an "enormous focus on manufacturing," while noting the U.S. workforce has a smaller number of individuals with the "vocational kind of skills" needed.Apple also benefits from lower wages in China, where many of its suppliers are located within close proximity of each other. In Asia, Taiwan's TSMC makes A-series chips for iPhones, Japan's Sharp and Japan Display supply iPhone displays, and South Korea's SK Hynix and Japan's Toshiba produce memory chips for the device.
Apple does have a Mac Pro manufacturing facility in Austin, Texas, operated by Flextronics, but it is a limited effort given the relatively low production volume of its high-end desktop computer.
Cook was personally a Hillary Clinton supporter, hosting a fundraiser for the Democratic presidential nominee in August on behalf of himself. In a company-wide memo issued following Trump's victory, Cook urged Apple employees to "move forward together" despite "uncertainties ahead."
Apple as a company showed support for both the Democratic and Republican parties during their respective campaigns, but it reportedly withheld support for the 2016 Republican National Convention due to Trump's controversial comments about minorities, women, and immigrants, among other subjects.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Article Link: Donald Trump Tells Tim Cook He'll Offer Apple Incentives and 'Very Large Tax Cut' to Make Products in America
Getting Apple and other tech companies to bring their jobs back here is great. We need those jobs. But the rest of what he said about tax cuts and regulations is really problematic. I'm sure there are regulations that are frivolous, but he's said in the past that he wants to get rid of the spa and fad. So who knows hair far he'll go on that. Lowering taxes for corporations is unfair. Lower the taxes for the middle and lower class. Large corporations can afford to pay way more in taxe, yet now they're going to have to pay a lower amount?
As much as I hate Trump, I would hate even more having to pay more for an iPhone in the UK because of more expensive manufacturing.
Fact is, Samsung doesn't produce in the USA. Samsung doesn't produce in places were workers' rights have improved, largely due to Apple's efforts. They go to cheaper places where workers have no rights at all. Moving production to the USA will only happen if Apple can sell iPhones at the same price as before. And in the same numbers as before. And the same quality.
The majority of customers to small businesses are other small businesses and individual consumers. The only thing you get from the government subsidization of large businesses is even larger businesses and worse, government-created monopolies.
Apple's whole business model is predicated on Asian slave labor.
How many American workers are going to want to work 15 hour days for $350/ month?
iPhone manufacturing will never come to the USA. It's too late.
How many American workers are going to want to work 15 hour days for $350/ month?
iPhone manufacturing will never come to the USA. It's too late.
Yes, let's cut all tax rates to Irish (corporate) tax rate levels and all tax 'optimisation' problems are solved. /s
People will find something to moan about. I can see the headlines now...
"APPLE MAKE THOUSANDS OF POVERTY STRICKEN FAMILIES REDUNDANT IN CHINA, MILLIONS WILL STARVE"
It is a possibility. On the other hands, I see as pivotal a coordination between the US and the States. In the near future local government will be increasingly important, especially because opening a business - of any kind - is easier than ever.
because people voted for a REPUBLICAN! Have they EVER done anything else than telling their fairy tails of "trickle down effects" ??