All-American Apple? iPhone 5’s Monster Lift for China
Published: Monday, 17 Sep 2012 | 12:31 PM ET
Boosted by the red-hot iPhone 5, exports of Apple [AAPL 699.781 8.501 (+1.23%) ] products will give the Chinese economy a monster lift in the fourth quarter, according to Barclays.
We estimate that as much as one-third of Chinese export growth in 4Q12 will be Apple related, said Jon Windham, an analyst for the firm, in a note Monday.
The new iPhone 5, along with the iPad, iPod and Mac lines, are assembled in China, using many materials from the region as well. The company sold 2 million iPhone 5s in the first 24 hours the device went on sale.
More: http://www.cnbc.com/id/49061558
ChromeFoundry
(3,270 posts)Thanks fanboys! This is why YOU won't have any nice things in the next few years.
The Designed by Apple in California. Assembled in China. trend is the death of US economic growth for the future.
I wonder if all the Apple sympathizers on DU that claim that Apple is boosting the US economy because they employ engineers in California (many of which are H-1b visa holders due to the cost savings), also buy from the American big three automobile manufactures? -- yeah, doubt it.
If 50% of the people that pre-ordered the iPhone 5 would have made the decision to tell Apple that they would buy one if the products were Assembled here in the US, and Apple paid their fair share in US taxes...Apple would listen and be forced to do the right thing.
I will again choose to "vote with my dollars and buy an alternative" but unfortunately the heard of Lemmings are running in the opposite direction.
demokatgurrl
(3,931 posts)The sad truth is that the yute today, and the not-so-youthful as well, are so addicted to Apple products that for the most part they don't give a crap where they are made or by whom or under what conditions. People who will protest and organize and boycott over all types of issues will give up their iPhones when you pry them from their cold dead hands or when the new version comes out. I'll stick with my Blackberry. It may be old school and lacking a lot of flash and bells and whistles but it was made in a place where a living wage and benefits are far more likely. Not in the US, alas but Europe, not China.
defacto7
(13,485 posts)SHEEP