Apple Says Most of Its Devices Shipped Into US Will Be From India, Vietnam
- Reference: 0177246599
- News link: https://apple.slashdot.org/story/25/05/01/235234/apple-says-most-of-its-devices-shipped-into-us-will-be-from-india-vietnam
- Source link:
> The company was among the hardest-hit of the tech giants last month because of its exposure to China, a primary target of the Trump administration's global tariff pressure. Most of Apple's devices are assembled in the country, and investors are closely watching its efforts to shift final assembly of devices bound for the U.S. to India and other countries.
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> Chief Executive Tim Cook said the impact in the June quarter from tariffs, assuming existing policies remain in place, would add $900 million to Apple's costs, a figure he suggested could be worse in future quarters. He also said that there was limited impact from tariffs in March. [...] He added that Apple would continue to diversify its supply chain away from China. "What we learned some time ago was that having everything in one location had too much risk with it," he said.
Further reading : [2]JPMorgan Says India-Assembled iPhone Within Spitting Distance of China Price .
[1] https://www.msn.com/en-us/money/companies/apple-says-most-of-its-devices-shipped-into-us-will-be-from-india-vietnam/ar-AA1E0xHo
[2] https://indiadispatch.com/p/jpmorgan-cost-model-finds-india-assembled
Trump's own commerce Secretary (Score:2)
Admitted on Fox news that even if the factories came back the jobs wouldn't. And Trump shut down the Biden plan to bring advanced chipmaking here. So it's obviously not about national security.
Call it what it is: a national sales tax. Under Donald Trump America sees the largest tax increase since world war II. If you work for a living your taxes are going to double.
Corporate money rather than taxpayer money (Score:3)
> And Trump shut down the Biden plan to bring advanced chipmaking here.
Nope. Trump replaced a Biden plan where taxpayer money builds tech infrastructure with a plan where corporate money builds that infrastructure. This includes chip fabs. See announcements by Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, OpenAI, Oracle, SoftBank, etc.
Re: (Score:1)
Apple could make its stuff in the DPRK for all I care.
My Apple phone, laptop, streaming box and ear buds were all bought recently. I doubt I will need to replace them in my lifetime.
Re: (Score:2)
> I doubt I will need to replace them in my lifetime.
When the batteries die.
Re: (Score:2)
Republicans could end this tomorrow with a simple vote. But they’re too chicken shit to step out of line.
So they did the vote (Score:2)
One Democrat was overseas and Mitch McConnell was MIA so it didn't pass. It's a senate resolution it doesn't require the House of Representatives to do anything because of the way the law granting Trump these Powers was written and how separation of powers works in general.
Now obviously when they did the vote they knew it wasn't going to pass and it was just for show.
What I don't know is if it was a warning to Trump or if they are just giving something for the three Republicans who voted for to camp
Re: (Score:2)
No worries, by that time the regulations to determine the country of origin will be rescinded to help business compete, and the Chinese-made iphones will be imported with the US great ally Russia stamped on the appropriate place in the tax form.
And the US administration will be paying Putin for the service.
Why would anyone trust "Apple says...."? (Score:1)
Given that's Apple and its VP of Finance have been referred for criminal contempt for perjury. [1]https://www.theverge.com/news/... [theverge.com]
[1] https://www.theverge.com/news/659301/apple-executive-lied-under-oath-epic-alex-roman
They can say that... (Score:2)
They can say that...it won't be true but they can say it.
Re: (Score:2)
Is it because, technically, the tariffs with China are effectively an embargo? So no matter how little is shipped from India and Vietnam, because nothing gets shipped from China currently, that little amount constitutes most of what is shipped from this region of the world?
(Math is the gift that keeps on giving)
Tarrifs were supposed to bring production to the U (Score:1)
not move it to a different country
Success! (Score:3)
Yay! Trump made India and Vietnam Great Again!
... Wait!
Re: (Score:2)
> Yay! Trump made India and Vietnam Great Again! ... Wait!
Never hurts to curry flavor -- favor! -- with the Administration. :-)
Re: (Score:2)
Why not, half of his administration are Bharatians, and so is his vice-president. Both Bharat and Viet-nam aren't on exactly friendly terms with China.
I'd say "welcome to the age when private/family relationships dictate the foreign policy of a superpower", but in the case of the US that's the rule, not the exception.
Apple moved to India and Vietnam pre-Trump (Score:2)
> Yay! Trump made India and Vietnam Great Again!
Nope. Apple re-learned the value of having more than one supplier during covid and the supply chain crisis. India was making iPhones pre-Trump. Vietnam was making Mac computers pre-Trump.
Re: (Score:2)
This just accelerated a trend that was happening anyway.
One of the genuine accomplishments of the Chinese Communist Party was increasing the literacy rate from something like 15% to around 85%. This means when they opened to trade and foreign investment, they had something unique in the history of economics: a vast, literate, and almost entirely under- or un-employed workforce.
But that's changed. In 1990, $500/year would have been a good wage in China. Now the median income is $4600/year -- still a bargai