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originally posted by: damwel
So Trump is allowing Apple, one of the top US companies to move to India? Way to go Trump. India First!!!
India has said Apple Inc must meet a rule obliging foreign retailers to sell at least 30 percent locally-sourced goods if it wishes to open stores in the country, a senior government official told Reuters.
originally posted by: seasonal
This less about a good deal for consumers and more about helping Cook (his $$ was cut) keep his job. The consumer is last on the list to get paid (by a cheaper phone).
a reply to: Caver78
If they came out with a cheaper phone I could see them getting competitive fairly fast.
More likely, it's because as China is growing as an economic powerhouse, it's no longer dirt cheap to manufacture there. Hence, many companies are moving to places such as India or let's say Cambodia.
originally posted by: Vanux
A couple of days back, during my morning coffee, I came across a news piece that attracted my full attention, the news piece gave me goosebumps to say the least.
Apple is going to relocate its manufacturing plants to India from China.
It seems to me that a strategic move is on the works for an impending war with China. I, for one, welcome the move with enthusiasm. I'm not a belligerent individual, however I take serious issue with a country that wouldn't be what it is if it weren't because of American creativity and entrepreneurship.
Billions of our dollars have gone to China due to an accord that benefited both countries, and what has China done with those benefits??? Nothing but to antagonize us in return and threat our allies in the region.
I say, to hell with them. Let's teach them some respect by kicking some ass and relocating all of our strategic companies to several emerging economies and not just to only one. Let's place this situation in the lesson-learned section.
In a way it's our fault for letting it get to this point. We'll, not our fault entirely, it was the CIA's fault for not anticipating it in the first place.
originally posted by: Trueman
a reply to: Vanux
Great news. India is pro Trump. Karmic retribution in of business to come. Namaste !
Gou's comments Sunday came about 11/2 months after Foxconn partner SoftBank CEO Masayoshi Son revealed Foxconn's potential U.S. expansion following a meeting with then President-elect Donald Trump.