Apple in China
It looks like China is going after Apple due to the trade "war" with the uS.
This should be a warning to company's that when you move your business out of the US you become a target.
https://www.cnbc.com/2018/08/07/apple-china-us-trade-war-bargaining-chip.html
C&P
Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face "anger and nationalist sentiment" amid the ongoing trade war, an article in the state-backed People's Daily warned Tuesday.
The opinion piece highlights how Apple made $9.6 billion in revenues in China in the June quarter, which helped the U.S. giant to recently hit a $1 trillion valuation.
But the continuing trade war between the U.S. and China could leave Apple and other U.S. firms vulnerable as "bargaining chips" for Beijing, according to the article.
This should be a warning to company's that when you move your business out of the US you become a target.
https://www.cnbc.com/2018/08/07/apple-china-us-trade-war-bargaining-chip.html
C&P
Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face "anger and nationalist sentiment" amid the ongoing trade war, an article in the state-backed People's Daily warned Tuesday.
The opinion piece highlights how Apple made $9.6 billion in revenues in China in the June quarter, which helped the U.S. giant to recently hit a $1 trillion valuation.
But the continuing trade war between the U.S. and China could leave Apple and other U.S. firms vulnerable as "bargaining chips" for Beijing, according to the article.
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Most excellent!![^] 0 -
maybe apple needs to close the doors and go to another country...if their products are really in that high demand maybe it would be a good move ...overnight 0 -
If they came back to the US an iPhone would cost 3K or more.
This guy says 30-100K
https://www.forbes.com/sites/quora/2018/01/17/how-much-would-an-iphone-cost-if-apple-were-forced-to-make-it-in-america/#1955547f2d2a0 -
IMHO, any company that leaves our borders to save $ and take away our jobs deserves to be left stranded at those foreign borders holding their pencils in their hands! 0
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