12/16/10

Go now and ponder

"Yet the Journal neglected a more important point: There's nothing forcing Apple to manufacture the iPhone abroad. The ADBI researchers estimate that Apple's gross profit margin on iPhones in 2009 was a whopping 64 percent. This leads them to conclude that "profit maximization behavior," and not competition, is what's driving Apple to China. In other words, Apple would rather make a little bit more money than employ more Americans."


via MoJo

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