UPDATE: Now Samsung is getting out with a statement of its own, saying that, while it has various plans in the pipeline, including moving some manufacturing closer to the US market, nothing has been finalized just yet, so the Trump tweet left the Korean tech giants in limbo, as per industry sources:
We feel pressured for (President Trump) thanking Samsung because nothing has been decided yet, but it could give the wrong impression that Samsung may have done something (as he wished). New investment plans like building factories take a considerable time to review. But with the president making such a comment first, we could be viewed as withdrawing from a plan that we haven’t even decided yet.
Now that a lot of manufacturers are trying to stay on the good side of the administration regarding its "Made in America" initiative, Samsung has seemingly caught onto the trend, and is reportedly planning to build another US factory, in addition to its Austin, Texas chip-making investment. Whether that intention has been in the wings for a while, or is being publicized now in order to placate the White House undertaking, remains to be heard, but in any case it would result in a bit more jobs coming stateside.
As for Samsung, it is now on the golden list of companies that have been mentioned by a sitting President in a tweet, as Donald Trump issued the welcoming "Thank you, @Samsung! We would love to have you!" message after Samsung's move was called "the Trump effect" in an article. Make of it what you will.
Samsung already has a factory here, unlike Apple. So that right there is a one up on our own American company.
That's another rule I plan to make too when I buy. I don't care if you make products overseas as an American company. But as an American company you need to pass those savings off to me, which Apple doesn't; and you need to at least make a product here.
Samsung is will to sell the Galaxy S, which is way better than the base iPhone, with better hardware more features and more co make, and yet are willing to take a hit on profits to compete in the US.
That is what real courage is, not removing a stupid headphone jack.
This is something Samsung can easily do and not pass off the cost to US consumers, because they make so many products, which could ore up any gaps.
Samsung makes most of its money, making stuff for others vs selling its own products. This alone makes them about money to build more factories here and still keep cost roughly the same.
Because the fact is, if Apple decides to bring factories here and then increase costs and Samsung keeps costs low, plus China also bring lower costing phones here, Appel won't have no choice to lower cost or they will see even bigger sales drops.
We see this with the Mac. The only people who buy them are loyal followers. If a Mac cost the exact same as a Windows PC with the exact same hardware, they would sell more than 10M per year. But then, Apple's profits on the Mac would be even lower.
If Samsung, or any producer really, can move to america and earn more money, even if production price doesn't rise, with full automation getting closer and closer, of course they do that as long as people are willing to pay.
posted on Feb 03, 2017, 12:13 PM 0
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