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Apple comes back home from not-anymore-cheap China

Financial Loans Helper

appleIn one of his recent interviews Apple CEO Tim Cook confirmed his company is going to move some of its production back to the U.S. Today most of Apple production facilities are located in China, but next year the giant would invest over $100 million to start Macintosh manufacturing in the USA. Though some experts believe this step is mostly symbolic, there is a good chance other companies could follow this pattern.

Apple’s move isn’t as symbolic as it may seem and it’s not the first large American company that  brings its manufacturing back home as a result of rising costs for labor, production and supply in China. Moreover, political risks and the environmental issues are good points to worry about for foreign businesses in China. Many American companies have already moved to the USA and Mexico and found making products closer to customers is so much cheaper. By the…

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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