Cook: Apple will move some production to U.S.34
Apple's contract manufacturer in China, Foxconn, has been attacked by organizations for hiring underage workers and for generally poor working conditions. Cook said in the interview that companies like Apple have their assembly work done in China not just because of the lower salaries, but also because the manufacturing skills required to build, say, an Apple iPhone, aren't present in the U.S. anymore.
This doesn't mean that Apple will do it ourselves, but we'll be working with people and we'll be investing our money." The production being moved to the U.S. is a small part of the Cupertino based firms' overall business. Sales of the Apple iPhone and Apple iPad swamp sales of the company's Mac line of computers.
Under Cook's watch, Apple's shares have risen 43% even after Wednesday's huge decline, and the company has has released two new Apple iPhone models, two new versions of the Apple iPad and the Apple iPad mini. The CEO said it was time to bring some jobs back to the United States. While things have been going well for Apple, the executive did admit that the company made a mistake with Apple Maps. "We screwed up and we are putting the weight of the company behind correcting it," the executive said.
The interview with Tim Cook will be shown on Thursday night on Rock Center broadcast at 10pm/9pm central time on NBC.
source: NBCNews via NYPost