Submitted by Stockmaster3 on Wed, 01/25/2012 - 00:24
Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas -- why not here?
Just imagine if Apple did employ U.S. manufactures to build its iEverything empire. Why don't they build it here and stamp on the ol 'Made in America' sticker?
Outstanding article from the New York Times -- How the U.S. Lost Out on iPhone Work
By CHARLES DUHIGG and KEITH BRADSHER | Jan 21, 2012
But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?
Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.
Why can’t that work come home? Mr. Obama asked.
Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
The president’s question touched upon a central conviction at Apple. It isn’t just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products. Continue..
source: http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?_r=2&src=me&ref=business
Apple Inc (AAPL) shares have traded between $310.5 and $431.37 over the past 12 months. Apple shares are now trading with a P/E Ratio of 15.4 and EPS of 27.67. AAPL closed at $420.41 on Tuesday, just 2.6% away from its 52-week high.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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