Home? Where is home? Apple is selling more devices and it is getting more profits overseas that in the US. It is a multinational company with headquarters in the US. As such, Apple should have regional manufacturing and asseambling plants where it sell its products, Europe, Latam, Asia and ofc the US. It is silly proposition that since Apple was created in a Californian garage, it should make everything in the country of its incorporation forever. Apple has thousand of foreign shareholders and there are tons of components in each Apple devices that are sourced from Asia and Europe. What does not make sense from macroeconomic and geopolitical perspective, and I must agree with you, is having 95% of the production concetrated in one single country such as China.
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Profit Margin Tensions Souring Relationship Between Apple and Foxconn
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Sitting here hating on Foxconn is really the wrong strategy in my opinion. Apple needs to take its share of blame as well for trying, to use an expression from post-WWI era England about Germany, to squeeze it until the pips squeak. Also, for goodness' sake, how about the American government doing something useful for a change, like heavily restricting or maybe even banning altogether the corporate practice of arbitrage?
I've heard elsewhere that Apple, Google, and others are trying to get operations set up outside of China. That too will no doubt help, but we've gotta stop trying to screw everyone just to make a buck.
I've heard elsewhere that Apple, Google, and others are trying to get operations set up outside of China. That too will no doubt help, but we've gotta stop trying to screw everyone just to make a buck.
Lmao, I think it's awesome. Anyone smart enough here running a big business like that would be doing exactly the same. Business as usual.
Yeah, and Germany is the biggest market for Mercedes but we will all agree Mercedes vehciles should be also manufactured in the US in order to reduce price of importing these vehicles from Europe to the US, right?
The funny thing is: this exists in literally every single product manufacturing pipeline ever. EXCEPT, Apple makes a lower profit margin than most other retailers.
Retailers usually aim for 67% profit on a product, including the shipping from the original country.
So bulkier items where you ship lots of empty space in the box, you might have a product retail at $100 where the vendor was paid less than $10.
Retailers usually aim for 67% profit on a product, including the shipping from the original country.
So bulkier items where you ship lots of empty space in the box, you might have a product retail at $100 where the vendor was paid less than $10.
"As of the fourth quarter of fiscal year 2019, around 60 percent of Apple Inc’s revenue was generated outside of the United States."
Non-U.S. share of Apple's revenue 2006-2021| Statista
As of the second quarter of fiscal year 2021, around 67 percent of Apple Inc’s revenue was generated outside of the United States.
www.statista.com
It's beneficial to Apple too as they take advantage of a dismally-paid labor pool.
Then why does Tim Cook virtue signal about morals constantly?
Nice try. Too bad statistics don't prove your assertion. During the period of 2009-2016 there was a net loss of 303,000 manufacturing jobs.
Obama's Record on Manufacturing Jobs - FactCheck.org
White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.
Facts. Those pesky things, eh?
Obviously the price of making them over there and importing is still cheaper then making here and not importing. But yes there should be an American factory for sure! For being the most valued company in the world you owe it to your people, at least!!!
"As of the fourth quarter of fiscal year 2019, around 60 percent of Apple Inc’s revenue was generated outside of the United States."
Non-U.S. share of Apple's revenue 2006-2021| Statista
As of the second quarter of fiscal year 2021, around 67 percent of Apple Inc’s revenue was generated outside of the United States.
So ur saying USA is their biggest market! Lol No other country in the world is more valuable to them then USA. Of course if you put all of the other country’s together against the USA it will be bigger. But since USA is their biggest pot, along with being an American company they need to bring the jobs home and put back into America instead of just taking from us, at a 40% gross profit.
I can't really take sides here but Foxconn employees get worked to the bone for minimal pay while Apple rolls around in dough. So I sort of think them doing this is more about survival, whereas Apple is about padding that ridiculously huge bottom line.
While they screw their own people out of jobs and putting back into our economy like a good most rich American born company should be like!
Apple could find its next 'Foxconn' in India. There's plenty cheaper labour in the so called 'slums' in Indian cities. These slums are filled with industrious people who likely could assemble iPhones. India is a democracy and China's communist party plan is "technology transfer" from the West to China.
Thank you for the correction. In this case, it is a distinction without a difference regarding the anti-capitalist rants we see on here.
India, although an obvious emerging choice, has its own issues. Indians are more outspoken, and can go into strikes or riots. The Japanese Auto companies had their shares of having to deal with these in their Indian factories.