1/
CEO Tim Cook on why Apple still chooses China over many other countries to make its products:
"There's a confusion about China.
The popular conception is that companies come to China because of low labor cost.
I'm not sure what part of China they go to (cont.)
CEO Tim Cook on why Apple still chooses China over many other countries to make its products:
"There's a confusion about China.
The popular conception is that companies come to China because of low labor cost.
I'm not sure what part of China they go to (cont.)
2/ (cont.)
"... the truth is China stopped being the low-labor-cost country many years ago.
And that is not the reason to come to China from a supply point of view.
The reason is because of the skill & the quantity of skill in one location & the type of skill it is. (cont.)
"... the truth is China stopped being the low-labor-cost country many years ago.
And that is not the reason to come to China from a supply point of view.
The reason is because of the skill & the quantity of skill in one location & the type of skill it is. (cont.)
3/ (cont.)
"The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art.
And the tooling skill is very deep here. (cont.)
"The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art.
And the tooling skill is very deep here. (cont.)
4/ (cont.)
"In the U.S., you could have a meeting of tooling engineers and I'm not sure we could fill the room.
In China, you could fill multiple football fields."
"In the U.S., you could have a meeting of tooling engineers and I'm not sure we could fill the room.
In China, you could fill multiple football fields."
6/
And just last week, Tim Cook was in Beijing to reaffirm Apple's commitment to China...
reuters.com
And just last week, Tim Cook was in Beijing to reaffirm Apple's commitment to China...
reuters.com
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