Samsung denies termination of Apple LCD contract

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Comments

  • Reply 21 of 38


    Samsung should sue the Korea Times for putting out blatant lies.  Make sure they fire the reporter who claimed he got the information from a "reliable source."

  • Reply 22 of 38
    tbelltbell Posts: 3,146member

    Quote:

    Originally Posted by Davewrite View Post



    All these requests for apple to manufacture in the U.S won't work unless...

    YOU GET THE U.S TO BAN ALL CHEAP IMPORTS LIKE ACER, SAMSUNG ETC.

    when apple manufactured in the u.s (Jobs even made Next computers in the U.S) it was almost killed by consumers happily loading up on cheap asian P.Cs. Even the U.S government wouldn't buy expensive made in U.S.A Next computers.

    Forcing apple to manufacture in the U.S without stopping cheap imports will just make Google, HTC, Samsung, Acer CEOs laugh their heads off, not to mention Amazon, Dell, Hp and Msft all of whom manufacture in Asia ...

    want to apply pressure for U.S manufacturing, fine but make sure the pressure is EQUAL. Otherwise the Urban Legend (which 80% of the population seems to believe) that ONLY apple manufacutures overseas will persists. I've even read people saying "I don't buy apple because the manufacture in Asia. So I buy Samsung... " ????

    There's enough crap already from politicians using Apple as the 'whipping boy' for jobs losts. (Also WEIRD that nobody condemns GOOGLE for giving stolen American I.P to asian companies like Samsung, HTC etc to compete with american companies like HP, Msft, Apple... )


     


     


    The problem is not Apple. It is government legislation influenced by greedy corporate lobbyists. Again, since the founding of our Country all away up through the end of President Clinton's presidency the US imposed an import tariff on foreign goods made in Countries that 1) either had an unfair trade advantage (e.g. China with its subsidized work force and materials), or 2) Countries that opposed democratic ideals. These policies rightfully protected the American work force thereby protecting the American economy. It is a proven formula. If people are making good money, they buy things. Wealth spreads upwards, not downwards like many Republicans would have you believe. Roosevelt when taking the US out of the Great Depression proved this concept. Pay people decently, and they will feed the economy to the benefit of all. 


     


    NAFTA was passed under the promise that more jobs would be created in the US. Instead, NAFTA allowed Chinese goods to escape trade caps and tariffs by passing freely into the US through Canada and Mexico. So companies then were able to take advantage of China's subsidized materials and work force without having to pay tariffs on imported goods. Moreover, the US gave companies tax breaks to move over seas. Keep in mind this all happened at the tail end of one of the greatest economies the US ever experienced. US manufacturers were making tons of money building right here in the US. This includes Apple who did in fact use to build many of its computers right here in the US. 


     


    Picking on Apple, however, isn't the answer. Getting rid of bad legislation like NAFTA and tax breaks for building overseas is what first needs to happen. Next, getting corporate lobbyists out of politics needs to happen as well because US corporations now consider themselves to be international companies and they are not particularly patriotic to the US. 

  • Reply 23 of 38
    tbelltbell Posts: 3,146member

    Quote:

    Originally Posted by Smallwheels View Post




    Benefiting one's countrymen. Contributing to the welfare of the nation. On site quality control. Lower shipping costs. Greater secrecy. Less piracy. More customers within the USA. Making the nation stronger helps its population earn more money thus allowing more people to purchase Apple products.



     


     


    All true. Henry Ford certainly believed that. When the farmers were suffering through the great depression, Ford figured out a way to buy product from the farmers to help them out so they could buy more of his trucks. So, he had the farmers grow soy, which was turned into fabric. This type of thinking benefited everybody. A strong economy requires the whole population to be doing well. 


     


     


    Still though, Apple would be at a severe competitive disadvantage if the laws that essentially overnight made it beneficial to move manufacturing overseas aren't changed. Moreover, another problem now is Apple buys a lot of the parts from third parties who are foreign companies building overseas. Like the automobile industry in Detroit, most of the big three's manufacturing operations along with third party part manufacturers are all located in the same area to cut down on shipping and make coordination easier. The same is true in asia, many of the parts Apple uses from the various companies are all produced close to one another. 


     


    The US economy will never recuperate without a strong manufacturing base. Prior to manufacturing moving to China, China's economy stunk. 

  • Reply 24 of 38

    Quote:

    Originally Posted by Smallwheels View Post



    Will we need to wait until next year to know which version of this story is true?

    Come on Apple, make things in the USA with your $100 Billion in cash.


     


    Quote:

    Originally Posted by Tallest Skil View Post


     


    Again, insanely more complicated than that.



     


    Quote:

    Originally Posted by Quadra 610 View Post


     


    What's the incentive?



     


    The needed incentive is to not pay tax TWICE on the money that is outside the USA. The profits have already been taxed by the country in which it was earned. Right now the USA government wants to tax it again when brought into the USA. Were the government drop that requirement, most of Apple's money, which is sitting outside the USA, could be brought home and invested in infrastructure here. 

  • Reply 25 of 38

    Quote:

    Originally Posted by Constable Odo View Post


    Samsung should sue the Korea Times for putting out blatant lies.  Make sure they fire the reporter who claimed he got the information from a "reliable source."



    Samsung, through its corruption of the SK courts and government officials, could have this reporter "disappeared" if that is what they want.


    Given that, the "leaked" story could be a way for Samsung to fire a warning shot to Apple.

  • Reply 26 of 38
    It is just a batch of displays. Obviously they will sell to any decent buyer.
    Its Apple's doing. They set screen technical standards that multi-suppliers are able to adhere to.

    Obviously this gives Apple more power over supplies and cost.
    If Samsung can sell at a low appealing price they will surely still supply.
  • Reply 27 of 38

    Quote:

    Originally Posted by Smallwheels View Post



    Will we need to wait until next year to know which version of this story is true?

    Come on Apple, make things in the USA with your $100 Billion in cash.


     


     




    Will you still support this if their gross margins suffer and the stock comes crashing down?

  • Reply 28 of 38

    Quote:

    Originally Posted by TBell View Post


     


     


    All true. Henry Ford certainly believed that. When the farmers were suffering through the great depression, Ford figured out a way to buy product from the farmers to help them out so they could buy more of his trucks. So, he had the farmers grow soy, which was turned into fabric. This type of thinking benefited everybody. A strong economy requires the whole population to be doing well. 


     


     


    Still though, Apple would be at a severe competitive disadvantage if the laws that essentially overnight made it beneficial to move manufacturing overseas aren't changed. Moreover, another problem now is Apple buys a lot of the parts from third parties who are foreign companies building overseas. Like the automobile industry in Detroit, most of the big three's manufacturing operations along with third party part manufacturers are all located in the same area to cut down on shipping and make coordination easier. The same is true in asia, many of the parts Apple uses from the various companies are all produced close to one another. 


     


    The US economy will never recuperate without a strong manufacturing base. Prior to manufacturing moving to China, China's economy stunk. 



    I'd argue that Apple is doing pretty much what your Henry Ford example highlights.  Apple has been building huge (for them) databases around the US which creates construction jobs, building a huge "spaceship" campus which means more construction jobs, hiring more employees for the new campus, opening new Apple Stores (despite the fact that other US retailers are taking a beating and shrinking their staff and/or staff's pay) which means more jobs in a down job market segment and last but not least creating an accessible ecosystem - 1) App Store: has not only helped independent developer and hobbyists to monetize their work much more easily and add to their portfolios to gain employment in the new US economy, but also caused a big run of major companies wanting their own apps which requires hiring more employees in-house or contracting out the work to smaller developer firm who in turn have to hire more workers, 2) iTMS: has helped hundreds of independent musicians by aiding them in selling their music without the need of an almighty record contract supplementing their performance fees and requiring these musicians to hire hundreds of freelance artists to work on "album" artwork, etc., 3) iBooks: Apple has put out an app that is dead simple to use for independent writers to create and sell their works without the need for a publisher (see #2) and 4) iTunes U: has allowed millions of Americans to gain supplemental education and skills from classes at top ranked Universities and the more you know, the more you earn

  • Reply 29 of 38
    galbigalbi Posts: 968member

    Quote:


    Samsung, Mr. Newman said, may be better off with customers that don’t apply the pricing and margin pressure that Apple can because of its huge purchase volumes. “Since Apple is the worst possible customer to imagine in terms of requirements and willingness to pay, I believe long term they are better off without Apple,” he said of Samsung. “Furthermore, longer term an Apple without Samsung’s components will be less able to compete in the marketplace, which further benefits Samsung.”




     


    http://blogs.wsj.com/digits/2012/10/23/samsung-havent-cut-lcd-supply-for-apple/

     

  • Reply 30 of 38

    Quote:

    Originally Posted by Smallwheels View Post



    Will we need to wait until next year to know which version of this story is true?

    Come on Apple, make things in the USA with your $100 Billion in 


     


    Not sure why we are paying so much attention to the KoreaTimes.   It seems like they are making up sh*t a bit too often..   Not too long after Galaxy S2 was released in the US, the Koreatimes announced that Samsung was to releases Samsung's flagship smartphone Galaxy S4 in March of next year - which was quickly denied by Samsung.   There was also another embarrassing report about Putin's daughter marrying a son of South Korean admiral, which for a short while had everyone scratching their heads. 

  • Reply 31 of 38

    Quote:

    Originally Posted by drobforever View Post


     


    That's exactly the problem. Every big company is asking for a 'handout' before willing to move jobs back from overseas. Why can't these big companies, earning huge profits, just do it? 


     


    I say the US should just cut all the military overseas, so these companies cannot get protection from the military and then they'll know the true cost of operating overseas. Then they'll know it's actually a BARGAIN to have plants here in the US. 



     


    I agree that the US should cut its oversea military spending, but I just don't see how these two are related..  

  • Reply 32 of 38

    Quote:

    Originally Posted by drobforever View Post


     


    That's exactly the problem. Every big company is asking for a 'handout' before willing to move jobs back from overseas. Why can't these big companies, earning huge profits, just do it? 


     


    I say the US should just cut all the military overseas, so these companies cannot get protection from the military and then they'll know the true cost of operating overseas. Then they'll know it's actually a BARGAIN to have plants here in the US. 



     


    Well, that would be nice..  The US dollar as the world's reserve currency without the US military to back it up? 

  • Reply 33 of 38

    Quote:

    Originally Posted by Smallwheels View Post




    Benefiting one's countrymen. Contributing to the welfare of the nation. On site quality control. Lower shipping costs. Greater secrecy. Less piracy. More customers within the USA. Making the nation stronger helps its population earn more money thus allowing more people to purchase Apple products.



     


    I don't see how this makes any sense.   A lot of US companies, including Apple and GM, now make more money from oversea sales than US domestic sales.  I don't see why/how bringing back cheap menial wage jobs would help.   Why would you want to promote "great secrecy"?  

  • Reply 34 of 38


    TechCurch wrote that BOTH companies would come out of a split in business relations unscathed.

    That's complete RUBBISH!



    We all know Samsung would most definitely come out of it worse than Apple.



    Where as Apple may suffer a bit from failing to meet demand for their products for a short while while they secure alternate component suppliers, Samsung would most definitely NEVER find any single high volume customer to replace Apple.

  • Reply 35 of 38
    joshajosha Posts: 901member

    Quote:

    Originally Posted by Smallwheels View Post



    Will we need to wait until next year to know which version of this story is true?

    Come on Apple, make things in the USA with your $100 Billion in cash.


    Will the real lier please step forward.   Coming from Korea, multiple lies are not unexpected.


     


    Yes Apple could support a company to start up an LCD plant.   Like helping LG set up a USA  LCD plant.


    But getting into component manufacture is not something Apple should do directly.

  • Reply 36 of 38


    As far as many US companies making more sales overseas than in the USA, it doesn't matter. Apple uses many factories around the world. They could make a factory in the USA to handle North America and perhaps South America. They could continue to utilize the Asian factories in the same way or purchase those companies. China is a huge market that Apple has yet to crack. There will always be plenty of jobs to go around.


     


    Apple could just build stuff in the USA. There is no real barrier to this happening other than them wanting to maximize their profits over benefiting the USA. I believe that people more interested in Apple profits than helping the USA would sell their stock before the perceived value of it went down, if it went down. Stock trading stopped being about actual value decades ago. Now stock trading is about perceived value. The true value of a company are it's workers and intellectual property. The physical plant is just stuff these days.


     


    Apple needs to start with assembling things here. Once that begins suppliers will do all they can to get their production closer to Apple. From there Apple could ramp up the more difficult production and then manufacturing. It won't happen in a year but it could take as little as five years. It just has to start. Buying parts from a foreign company that makes them in Texas is a start. Apple can do better by taking the step to assemble things in the USA.

     

  • Reply 37 of 38
    galbigalbi Posts: 968member

    Quote:

    Originally Posted by BARCODE View Post


    TechCurch wrote that BOTH companies would come out of a split in business relations unscathed.

    That's complete RUBBISH!



    We all know Samsung would most definitely come out of it worse than Apple.



    Where as Apple may suffer a bit from failing to meet demand for their products for a short while while they secure alternate component suppliers, Samsung would most definitely NEVER find any single high volume customer to replace Apple.



     


    You obviously dont understand that there are more competitors out there than just Apple.


     


    Open your mind and look outside the box.


     


    It's not just Techcrunch


     


    http://blogs.wsj.com/digits/2012/10/23/samsung-havent-cut-lcd-supply-for-apple/

  • Reply 38 of 38
    That Cambridge Raspberry Pi is now being made in the UK.

    So final assembly can certainly be accomplished at home and at low cost.
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