$AAPL: Latest on 10,000+ Workers Running Away From Working At Ghangchou City Foxconn iPhone Plant

Investment Analysis Clubs Destiny Solutions Corporation
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DeSantis doing the work of Musk who has already said he would support DeSantis in 2024. No surprise DeSanctimonious is playing up to Elon Musk with this:

Another story alluding to Musk’s pro-Republican bent on Twitter

In particular, Musk wants Twitter to make much more money from direct subscriptions and not advertising. But Apple’s 30% cut of purchases made inside apps is a major hurdle for a company that is slashing costs and has a significant debt load.

So Musk could pull an Epic Games move and enable direct billing, spurring Apple to take action, while at the same time framing the debate around free speech. If that happened, as DeSantis suggested, perhaps Congress would start asking questions. Apple would become a football in political debates. Executives could be forced to testify or provide written responses.

At the very least, you’d have lawmakers such as Vance using the words “monopoly” and “Apple” in the same sentence. That’s a risk to Apple’s brand. Debate over these topics could reenergize pending regulation such as the Open Markets Act which threatens its control over the App Store and its significant profits.

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Apple and China have spent decades tying themselves together in a relationship that, until now, has mostly been mutually beneficial. Change won’t come overnight. Apple still puts out new iPhone models every year, alongside steady updates of its iPads, laptops and other products. It must keep flying the plane while replacing an engine.

“Finding all the pieces to build at the scale Apple needs is not easy,” said Kate Whitehead, a former Apple operations manager who now owns her own supply-chain consulting firm.

Yet the transition is under way, driven by two causes that are feeding on each other to threaten China’s historic economic strength. Some Chinese youth are no longer eager to work for modest wages assembling electronics for the affluent. They are seething in part because of Beijing’s heavy-handed Covid-19 approach, itself a concern for Apple and many other Western companies. Three years after Covid-19 started circulating, China is still trying to crush outbreaks with measures such as quarantines, as many other countries have returned to prepandemic norms.

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Okay, who knows the symbols for a high volume India ETF, preferably a 3X Long/Short combo?

**Apple’s longer-term goal is to ship 40% to 45% of iPhones from India, compared with a single-digit percentage currently, according to Ming-chi Kuo, an analyst at TF International Securities who follows the supply chain. Suppliers say Vietnam is expected to shoulder more of the manufacturing for other Apple products such as AirPods, smartwatches and laptops.

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It’ll be interesting to see how Apple’s <partial?> withdrawal from China works out. I see that the news sources say it’ll take “many years” to have “meaningful diversification”. I suspect a motivated Apple could accomplish a lot in a short time… ie 2-3 years. Yes, getting the supply chain moved is not trivial, but motivated people can accomplish amazing things. Hopefully, the Apple bureaucracy is not part of the problem.

Rob
He is no fool who gives what he cannot keep to gain what he cannot lose.

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