Posted on 05/23/2019 4:19:17 AM PDT by Zhang Fei
The U.S.-China trade war could take a big chunk out of Apple’s bottom line if China retaliates by banning its products, according to an analyst at Goldman Sachs.
Analyst Rod Hall said in a note to clients that Apple’s earnings could drop by 29% if the company’s products were banned in mainland China. The analyst cut his price target on Apple to $178 per share from $184, representing a 4.6% downside from Tuesday’s close of $186.60.
(Excerpt) Read more at cnbc.com ...
Apple’s earnings would drop by nearly 30% if China bans its products, Goldman Sachs says
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GOOD.
That’s what they get for not having their goods made in OUR country by OUR people.
How do you ban a product except in a fascist country? So are you Free Traitors™ embarrassed yet?
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Hell - Apple benefits with cheap labor and then gouges its customers with the highest prices...aided and abetted by those very customers who think spending so much more is a status symbol...
I give a damn about Apple as much as Apple gives a damn about Americans who are not far leftists.
I have read that in the last few days there has a nationalistic campaign not pushed by the government but spontaneously arising from consumers in China to abandon Apple products and switch, where possible, to Huawei. So Apple is going to face trouble on the consumer side regardless of where Foxconn makes the phones.
Not at once, where can Apple move production next week to continue production? Such a move would take time even with contract manufacturing.
Burn baby burn.
I think this is unlikely because Apple will simply move, lock, stock and barrel, out of China for all of its products. That’s hundreds of thousands of jobs leaving China at once.
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And those jobs and that production would NEVER go back. And China knows that. So, yes, HIGHLY unlikely that China would do that.
GOOD.
That’s what they get for not having their goods made in OUR country by OUR people.
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Name a cell phone manufactured in the U.S.
Apple is the only computer maker that even tries to assemble systems in America and use American parts. They are on record as saying that they would like to make the entire things here out of US sourced parts, but that there are parts that simply are not made here at *any* price by *any* supplier.
For example, the lithium needed for batteries could not be supplied by the one *tiny* mine here in the US that survived all the EPA purges since it opened in 1966. All the commercial sources for lithium in the needed quantities are in foreign countries including China, which refuses to let raw lithium be exported and that if it is to be used in finished goods like a battery, the battery must be made there. If you literally can’t get the part made in the US, you can’t make a 100% US product. Now, there are new US mines starting up/restarting now, but they have to go through the re-permitting process and get EPA approval - and that will take years, what with the lawsuits leftists are filing.
That’s not the only part we don’t make in the US. We don’t make hard drives in the US any more - there are literally zero US rotating storage plants any more and the infrastructure to make them was also destroyed years ago. This is less of a problem than it sounds, but only because the industry is moving from hard drives to solid state drives. There too - we don’t have the silicon foundries in the US to make enough flash memory to meet demand, and most importantly, most of the technology, research, patents and knowhow to make good flash storage is not in US company hands or present in the US.
Hey apple, if you live by the sword, make your bed and smoke it in your pipe.
/sarc
... metaphor mashups are fun
He won’t be able to as there aren’t any. Also, no US LCD screen or TV manufacturers - the closest is Vizio, which assembles some limited models in the US from foreign parts.
A lot of people here that shout about MAKE IT IN THE US NOW NO EXCUSES don’t realize just how decimated our tech manufacturing industry is and how long it would take to rebuild and fire it back up. Not only are the plants gone, the supplier plants are gone and the environmental regs/orgs (to say nothing of the unions) make it stupidly expensive, complex and time consuming to even consider building one.
We would need acts of Congress to fix these - one of the greatest perfidies committed by Turtle Mitch and Paul Ryan is that they chose to waste the first two Trump years on stupid BS instead of getting America running again.
Apple was DOA inChina. The Chinese are going to copy , steal and appropriate it all, just as communists have always done: own the materials to destroy them.
Apple is one of the few US companies that (is allowed) sells a significant amount of its product into the Chinese market. So it can (probably will) end up losing those significant sales.
The manufacturing of Apple products for the the US market by their supplier Foxconn, is already in the process of moving to India.
The other major US companies with sales into the Chinese market, are Boeing and Caterpillar. Boeing has customers lined up for its products years in advance, with a waiting list, so the loss of Chinese sales will not be a big deal for them.
Apple is the US company expected to take the biggest hit. Surprisingly few others though, as American companies have so effectively been denied Chinese market share for so long. A long string of companies invested there, had their products copied, and were then blocked out, by hook, or by crook.
campaign “not pushed by the government”
That is the communist Government’s standard approach.
Astroturf (fake grass roots).
We would need acts of Congress to fix these - one of the greatest perfidies committed by Turtle Mitch and Paul Ryan is that they chose to waste the first two Trump years on stupid BS instead of getting America running again.
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Yup. Most of the members of Congress have sold out to outside interests, like the Chinese. That duplicitous bastard Amash is just the latest example that’s come to light. They don’t represent the U.S. or U.S. citizens. They are sellouts. Traitors.
I like their phones but can’t stand the way they treat me. When they were forced to replace their batteries you had to go to one of their stores. They had one store serving southern Ohio, northern Kentucky and southwest Indiana. I had to drive 200 miles round trip and ended up spending six hours getting the five minute job done. I’m really concerned about Apple being mistreated, yeah right.
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