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Thursday, April 30, 2020 2:01:53 PM
A lot of AAPL production in China is sold in China.
Taiwan-based Foxxconn, which assembles most phones and laptops, owns none of the factories it uses in China. Local Chinese governments supply the plant and the workers.
Foxconn owns the assembly equipment inside the factory and also operates assembly factories in Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines.
Manufactured and assembled is also different. - https://www.lifewire.com/where-is-the-iphone-made-1999503
Taiwan-based Foxxconn, which assembles most phones and laptops, owns none of the factories it uses in China. Local Chinese governments supply the plant and the workers.
Foxconn owns the assembly equipment inside the factory and also operates assembly factories in Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines.
Manufactured and assembled is also different. - https://www.lifewire.com/where-is-the-iphone-made-1999503
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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