3 ms·
Are you sure about that? A million people losing their jobs can have an impact. "It is the world's largest technology manufacturer and service provider. While
by sfeqcq 4y ago
Are you sure about that? A million people losing their jobs can have an impact.
"It is the world's largest technology manufacturer and service provider. While headquartered in Taiwan, the company is the largest private employer in the People's Republic of China and one of the largest employers worldwide."
https://en.wikipedia.org/wiki/Foxconn https://en.wikipedia.org/wiki/Foxconn
And that doesn't count all the companies that make the subassemblies and parts for Foxconn either.
- vaidhy 4y agoYes, but Foxconn is not Apple subsidiary. Apple is just one of their customers. Saying million would lose job because Apple moved out of China seems like hyperbole from the other side.
- scarface74 4y agoApple is by far their largest customer.
- ajsnigrutin 4y agoSo, what will people in the rest of the world buy then? There won't be new iphones for years, and foxconn will continue to make phones for other manufacturers, whose sales will go up.
- scarface74 4y agoWhat scenario is there that Apple couldn’t make phones in China and every other manufacturer could?
- herbst 4y agoObviously because Apple is a US company and every other major smartphone company is Asian and has a very different relation to China
- scarface74 4y agoBesides Samsung and Apple most of the top cell phone makers are Chinese. http://www.mobilecellphonerepairing.com/top-mobile-phone-manufacturers-in-the-world.html http://www.mobilecellphonerepairing.com/top-mobile-phone-man... In a trade war, those phones won’t be making it to the US.
- heavyset_go 4y agoAAPL is a good chunk of the S&P 500, close to 10% of its market cap. I don't think a loss of value to the tune of $2.5T would go well for the US economy. I don't think either country cares much about unemployment, but the US, at least, has a history of going to great lengths to maintain the value of its assets. And I'm sure there are companies eagerly awaiting to get the business Foxconn turned down because Apple outbid them or made favorable agreements.
- refurb 4y agoApple revenue is $400B. US GDP is $21,000B. Losing 2% would hurt but it wouldn’t cripple the US.