royt123

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royt123
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  • Apple exploring the possibility of moving iPhone manufacturing to United States

    Unfortunately, AI writers are unfamiliar with customs tax rules which impose tax on cost of goods manufactured, not finished goods retail prices. Therefore, an accurate estimated 35% tax on an iPhone which costs an estimated $220 to build and contains 80% foreign made parts would look like this:
    $220 X 80% X 35% = $61.60 additional cost to Apple.  I don't see that blowing a hole in anyone's pocket.
    If such a tax incentivized U.S. manufacturing, bring it on! iPhones, Made in the U.S.A.