It’s one iPhone, Michael. What could it cost, 3,500 dollars?
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As Campos discussed earlier this evening, tRump’s tariff tiff is the result of a vast and carefully nurtured ignorance. And if every nation comes to him on bended knee, with obligatory tears in their eyes and says “We surrender, here is everything you want plus Canada and Greenland,” don’t expect Donnie’s dumbshit demands to get less dumbshit.
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn’t sold.
“I don’t think that’s a thing,” Martin said on CNBC’s “The Exchange” on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone manufacturing to America.
Martin said Apple’s costs would skyrocket if it began building its marquee product in the U.S. She isn’t the only one on Wall Street raising this concern: Wedbush analyst Dan Ives said an iPhone would cost $3,500 if produced in the country.
Additionally, the process of Apple moving its supply chain to the U.S. would take years, Martin said. Most supply chain experts say making iPhones completely in the U.S. is impossible.
One reason people should try to understand where stuff comes from is so they can avoid sounding like a Republican dolt who
“… believes we have the labor, we have the workforce, we have the resources to do it,” she said of Trump’s position on making iPhones in the U.S.
If his belief that things exist isn’t enough to convince Apple to move operations to an increasingly unstable nation in order to start hemorrhaging money, maybe an executive order that all Apple’s base are belong to U.S. will do the trick.
