REPORT APPLE TO SHIFT ITS PRODUCTION TO INDIA, NOT USA, TO AVOID MASSIVE PRICE INCREASES OF IPHONES TO 3000 USD

APPLE S DECISOON SHOWS THAT TRUMP, LUTNICK CLAIM HIS TARIFFS WILL BRING PRODUCTION BACK TO USA IS FALSE

COST OF AN APPLE  IPHONE PRODUCED IN NEW JERSEY OR VIRGINIA WOULD BE ABOUT 3000 DOLLARS, ANALYST DAN IVES SAYS OR ABOUT THREE TIMES MORE CURRENT PRICE

https://www.orf.at/#/stories/3391600/

THE LOGICAL PLACE TO START TARIFFS WOULD HAVE BEEN ON SOME CAR IMPORTS WHILE GIVING EXEMPTIONS FOR ALL PARTS US AUTOMBILE MAKERS NEED

BUT A TOTAL BLOCKADE ON ALL IMPORTS FROM ALL OVER THE WORLD OVERNIGHT, WHICH HAD TO BE REVERSED

NO CLARITY IF TRUMP WILL SEAL ANY MAJOR DEALS LET ALONE GOOD ONES

https://qz.com/apple-stock-wedbush-dan-ives-trump-tariffs-trade-war-1851775042

“Apple has already announced a $500 billion investment in the U.S. along with Trump in February,” Ives noted. “The reality is it would take 3 years and $30 billion dollars in our estimation to move even 10% of its supply chain from Asia to the U.S. with major disruption in the process.

“For U.S. consumers the reality of a $1,000 iPhone being one of the best made consumer products on the planet would disappear,” he added. “It speaks to our point that if consumers want a $3,500 iPhone we should make them in New Jersey or Texas or another state... The concept of making iPhones in the U.S. is a non-starter in our view at $1,000. Price points would move up so dramatically it’s hard to comprehend and the near-term margin impact on Apple’s gross margins during this tariff war could be mind boggling for this U.S. tech stalwart.”

https://qz.com/apple-stock-wedbush-dan-ives-trump-tariffs-trade-war-1851775042