Moving iPhone production to US would be massive undertaking: Munster

If Apple ultimately decided to move production of its iPhone from China to the United States, it would be a “massive” undertaking, venture capitalist Gene Munster told CNBC on Monday.


However, Munster said it is easy to talk about but extremely hard to do.

“We’re talking about something that would take five-plus years to do. There’s near a million people, even with the cuts at Foxconn, that work on Apple products in China,” he said.

In September, Bank of America Merrill Lynch said iPhone prices would rise significantly if the smartphone were assembled domestically. In a note to clients, analyst Wamsi Mohan said under the “most likely” scenario in which Apple moves 10 percent of its iPhone assembly to the U.S., the average selling price of the iPhone would rise by 9 percent. If it shifts 50 percent or 100 percent to the U.S., iPhone prices would increase by 14 percent and 20 percent, respectively.

Source link

Leave a Comment

Inside Sellafield's death zone with the nuclear clean-up robotsFearful of bias, Google blocks gender-based pronouns from new AI tool