Apple Says Most of Its Devices Shipped Into US Will Be From India, Vietnam 50
Apple said a majority of its devices shipped into the U.S. in the June quarter will originate in India and Vietnam, a move to allay investor concerns about the impact of tariffs on its operations. From a report: 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.
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: JPMorgan Says India-Assembled iPhone Within Spitting Distance of China Price.
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: JPMorgan Says India-Assembled iPhone Within Spitting Distance of China Price.
Success! (Score:5, Insightful)
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Yay! Trump made India and Vietnam Great Again! ... Wait!
Never hurts to curry flavor -- favor! -- with the Administration. :-)
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Literally three days ago: The US on Tuesday again placed India on its 'priority watch list' stating that New Delhi remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP) rights.
https://www.business-standard.com/external-affairs-defence-security/news/us-retains-india-on-priority-watch-list-over-ip-rights-enforcement
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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:3)
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.
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Why isn't America making them...
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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.
Um, Tim Cook is a world-class Logistics Expert.
Like most people who understand Supply Chains and "Sourcing", Tim and Apple already have an "alternate source" requirement whenever possible.
That's why Apple has been quietly diversify-ing their Contract Manufacturing sources for at least the past three to five years. The problem is, with the complexity and scale of their Requirements, and their Vendor Qualification Procedures, they can hardly just spin the globe and find new Manufacturers that "Make The Grade"
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Um, Tim Cook is a world-class Logistics Expert.
Like most people who understand Supply Chains and "Sourcing", Tim and Apple already have an "alternate source" requirement whenever possible That's why Apple has been quietly diversify-ing their Contract Manufacturing sources for at least the past three to five years.
You do realize you are confirming what I said. Apple mismanaged supply prior to covid and began its diversification after covid and the supply chain crisis. Tim has been CEO for much longer than that, so he made the mistake of relying too much on China despite his supposed expertise. Face it, his "expertise" seems to be code for cutting costs, not proper engineering and logistics discipline which says have second sources.
The problem is, with the complexity and scale of their Requirements, and their Vendor Qualification Procedures, they can hardly just spin the globe and find new Manufacturers that "Make The Grade".
Translation. No one could economically compete with Foxconn operations in the manufactu
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Funny boy, just two weeks ago you were preaching that the goal was "bringing back jobs to the US". Now you've shifted to "different suppliers", ignoring the fact that the only thing that creates the need here is the moronic dances of donold the dumb and his fictional advisor, ron vara.
Please be polite and stop spitting here whatever you've swallowed from your talking points memo.
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Funny boy, just two weeks ago you were preaching that the goal was "bringing back jobs to the US".Now you've shifted to "different suppliers", ...
Nope. That's just your reading comprehension failure. Above I'm just noting that Apple had already shifted some production to India and Vietnam already, pre-Trump. Apple, TSMC, Nvidia, etc building plants in the US in the next few years is something different, something welcomed. Something they are doing with corporate money not taxpayer money.
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Yope. You're not only dumb, but a lying sack of bullshit.
Or, more succinctly, a trumptard.
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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
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So India and Vietnam will do the final assembly of the devices. But I'm guessing from how this is worded that everything is still built in China, and then many the last minute gluing together/boxing up the device will be done in India/Vietnam so it can avoid the tariffs.
Trump's own commerce Secretary (Score:5, Interesting)
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:2, Interesting)
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:Corporate money rather than taxpayer money (Score:5, Insightful)
>> a plan where corporate money builds that infrastructure.
you're delusional.
Trump has no plan to begin with.
Also, corporate money is never invested in shoddy dictatorships with daily changing import rules.
Investment first and foremost needs stability. The US has no stability in the foreseeable future.
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>> a plan where corporate money builds that infrastructure. you're delusional.
LOL. The statements made by Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, OpenAI, Oracle, SoftBank, etc are pretty widely reported.
Re: Corporate money rather than taxpayer money (Score:2)
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Wait.. you think corporations are going to be paying taxes??
Wow, you are out of touch with the news aren't you. All those corps listed and more are saying they are building plants in the US in the next few years.
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Wait.. you think corporations are going to be paying taxes??
Wow, you are out of touch with the news aren't you. All those corps listed and more are saying they are building plants in the US in the next few years.
First, saying is not doing.
Second, most of these were already in the pipeline. Because Biden... if you believe presidents directly cause factories.
Third, it's inevitable some growth will occur regardless of what horrible trade policies are put in place.
Nobody's discounting these announcements as irrelevant. They're just not nearly statistically significant enough yet to view as signs that America is on the road to reGreatness despite the obvious implications of the tariffs.
Re: Corporate money rather than taxpayer money (Score:2)
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Let me know when these factories are open and cranking out chips.
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And from what I understand your taxes don't even pay for healthcare. That's so dystopian.
... with parts made in China (Score:1)
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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.
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I doubt I will need to replace them in my lifetime.
When the batteries die.
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When you get fitted with an iPacemaker, I guess your time is about up.
Re:Till the regime doesn't like India or Vietnam (Score:5, Informative)
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:3)
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
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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.
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Republicans could end this tomorrow with a simple vote. But they’re too chicken shit to step out of line.
THIS!!!
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The tariff formula already hates "Vietnam" (actually just China with fraudulent paperwork).
Vietnam charges 90% (Score:1, Troll)
Why would anyone trust "Apple says...."? (Score:1)
They can say that... (Score:2)
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(Math is the gift that keeps on giving)
Tarrifs were supposed to bring production to the U (Score:1)
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But what if how the world really works differs from the intention of the policy?
In related news (Score:5, Funny)
Foxconn renames two factories in Zhengzhou to "Vietnam" and "India". Chinese government confirms by assigning territorial sovereignty of the loading docks to the respective countries.
Re:In related news (Score:4, Informative)
Foxconn renames two factories in Zhengzhou to "Vietnam" and "India". Chinese government confirms by assigning territorial sovereignty of the loading docks to the respective countries.
That would actually be "Trump-worthy" solution!
Tariff hopping (Score:3)
Vietnam is subject to bigger tariffs than China. My guess is India would be too if everyone starts going there.