Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: 'I don't think that's a thing'
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn't sold.
"I don't think that's a thing," Martin said on CNBC's "The Exchange" on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone manufacturing to America.
Martin said Apple's costs would skyrocket if it began building its marquee product in the U.S. She isn't the only one on Wall Street raising this concern. Wedbush analyst Dan Ives said an iPhone would cost $3,500 if produced in the country.
Additionally, the process of Apple moving its supply chain to the U.S. would take years, Martin said. Most supply chain experts say making iPhones completely in the U.S. is impossible.
https://www.msn.com/en-us/money/markets/tech-analyst-responds-to-trump-wanting-apple-to-make-iphones-in-u-s-i-don-t-think-that-s-a-thing/ar-AA1Cy650
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