iPhones not iPhone's... Who let this idiot be in charge of anybody? Did he even go to school?
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& Just that entire sentence is atrociously bad
Thank your for your attention to this matter!€
LMFAO it's the entire fucking tweet!! Thank your for your... omg you are the president of the united states get grammarly or something...you sound even dumber than the people who voted for you...
What a fucking idiot
Good fuck apple they probably donated to trump
It's coming true.
And again "tariff must be paid by Apple" really shows that he still has no idea how they work.
This is what you get for bending down to the tyrant in inauguration day. You cant appease tyrants, you must fight them.
An extra 25% must be paid by consumers. Like every other tariff. New taxes be like that.
Such smol govment
It is paid by consumers, not Apple. Other phone companies will raise prices as well to increase their profits, since iPhone prices will set a new high price. When Apple prices goes up 25% other phone companies can increase their prices by 15% and still be competitive to apple.
Actually to make same profit due to lower phone sales Apple may have to raise price even higher than 25% or find other ways to get consumers to pay more. Die hard fans of Apple will buy, whatever the price.
Failed business man telling people how to run their businesses. I’ve got an idea about how to make American manufacturing cheaper universal healthcare.
Killing Biden's CHIPs act certainly didn't help that cause.
He will kill and reinatate it to sell it as his oqn doing.
Obviously guided by his counselers and consultants.
Oh, like NAFTA!
This is actually a real socialist or even communist policy. The State controlling the businesses.
How in god's name is this promoting worker ownership of Apple's phone production processes?
Last time I looked, the Soviet, Chinese and North Korean people didn't own shit.
It is authoritarian. Communist system devolve to authoritarianism because it is a natural progression (easy to do). Socialists can, but a good democratic political structure makes it harder.
Don't tell all the tankies.
It would take MINIMUM 10 years to even come close to like 60% manufactured in US. And that’s assuming the US upends the entire global tech industry by coming even kind of close to TSMC’s chip manufacturing tech.
Good news on the latter front, actually: https://www.tomshardware.com/tech-industry/tsmc-expands-investments-in-the-u-s-to-usd165-billion-with-new-fabs-and-r-and-d-center-a-closer-look
Tim Apple could just buy him a fucking plane and be done with it. And that would open up some interesting opportunities, nahmean?
It’s what I’d do if I were an ambitious, resource hoarding, ass pimple billionaire.
It’s obvious the way to Trump’s heart is to tell him he’s pretty and give him something .
I see the problem here. He's talking to Tim Cook, who's CEO of some cooking company. He needs to talk to Tim Apple.
You can know the impact of what building in the US would be by looking at Purism. They sell a Linux phone for $800. If you want the same phone built in the US, they charge $2000.
It really depends on what Trump means by " built in the US". It won't be that big of a jump if Apple is just assembling them there. If every component has to come from the US it's likely impossible.
Apple is vertically integrated in a way many companies are not. It would be bad for them for sure but they already have really high profit margins. They could eat the cost and assemble in the US, but they won't because they are already a velban good.
Looks like Apple is balking at paying the required bribe.
you fucking idiot, it's NEVER EVER EVER coming to the US.
NEVER.
a 25% increase in cost is still MUCH more preferable to bringing all of that shit to the US. probably by orders of magnitude. can you even fathom (of course you can't) what you would need to do to have a 100% American iphone?
let's say you're bringing the iphone manufacturing plant to the US. let's even assume this move is subsidized so the new factory is going to cost only time.
the iphone isn't put together from mere atoms. parts of it need to be manufactured first. there's the screen, the glass, the aluminum case, several cameras, the battery, the ram, the storage, the CPU, the GPU, the receiver, accelerometer, gyroscope, etc etc... how much of that shit do you think is made in the USA?
so there's tariffs an all of that. or to avoid them you need to make several new factories, and have other companies that provide these things also move their factories... and these factories don't just have people create electronics by hand. you need machines. where do you think those are made? who makes them? so now you need the manufacturers of manufacturing robots to move their factories to the US.
and all these factories now employ people with much higher salaries.
all in all, a move like that would halt production for years and when it comes back every iphone would probably cost $47000.
Most of the Iphone is not Chinese, the screens are made by Samsung in Korea, and the chips are from Taiwan. Only the fiddly final assembly is done in China.
this is not about china
Based on the numbers from Purism, it could be a lot more than 25% more expensive to manufacture everything in USA. Purims Librem 5 costs 799 $, while the made-in-America version costs 1999 $. That's roughly a 2.5x difference. Obviously, economies of scale play a role too but let's assume that the same factor applies to iPhones too. If so, the fanciest iPhone would cost about 4000 $.
🫢
Bro really went off on him…
Apple should just not sell them in the US then.
Profiteers foregoing the largest source of profit? Not likely.
Thank you for your attention to this matter.
Who does he think he's talking to?
His subordinates, who else?
Can you imagine if Joe Biden said shit like "I'm going to make your pleb shit more expensive because I refuse to just admit a mistake and therefore will double down on my bad policy."