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Vietnam to make Apple Watch and MacBook
51–60 of 598 posts
Re: Vietnam to make Apple Watch and MacBook
#52Earlier quoted context omitted.
Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)
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Similar to how modern medicine made 40 an early age to die
Re: Vietnam to make Apple Watch and MacBook
#53I'm interested to know to what extent this is just assembly of parts imported from China, or whether the real control over things like the M1 chip assembly, secure element, logic board, etc. are also moved to Vietnam? Seems like that's the secret sauce / real proprietary stuff that tells you whether the high value is moving too. (or maybe that is not even in China either) And do they have the surrounding parts + engi…
It's almost certainly final assembly, and plugged into the supply chain next door.
Re: Vietnam to make Apple Watch and MacBook
#54>Apple suppliers Luxshare Precision Industry and Foxconn lol this is a political move, they are just creating Vietnamese shell companies owned by their same Chinese suppliers to get some good PR.
It's not a political move. Vietnamese manufacturing is cheaper than Chinese. Chinese labour has gotten expensive over time. EDIT: politics are definitely a welcome side effect, but not the main reason
Since the Russia-Ukraine war broke out politics is now a primary driver.
China has indicated that it is 100% going to retake Taiwan. Their threat is credible. There were indications it would be soon.
War is a 'new reality' again and we can see the consequences of it.
If you have geopolitical liabilities and you have 10 year strategic planning, then you calculate the odds of 'major conflict' the diversifying away from China is a priority.
Anyone not divesting from China right now is going to get rocked.
Not fully divested but I mean the critical things. We have to plan for China arm of the business dissapeaering overnight.
Re: Vietnam to make Apple Watch and MacBook
#55How is no one mentioning that China is threatening Taiwan. If the US ends up in a war with China, suddenly most Apple products would have serious operations problems if not being shut off completely. Cheap labor isn't a bad reason, but this is also a hedge against the heating politics between the West and both Russia and China.
Also based on recent analysis many countries e.g. China, South Korea have increased exports to Russia including dual use technologies which are prohibited under recent sanctions.
This combined with upcoming war games involving China and Russia shows clearly where their allegiances lie.
So the risk of China being economically punished is not insignificant and Apple is very likely to be caught in the cross-fire if it does happen.
Re: Vietnam to make Apple Watch and MacBook
#56A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
There is a lot of dishonesty around Westerners complaining about foreign cheap labor. They claim to be championing labor rights, but they are often just angered at companies for stopping all manufacturing in the West. They see it as an obvious weakness in their ideology that companies can just walk away from their labor movement and go elsewhere. The obvious truth, and what literally all of these Vietnamese workers w…
> There is a lot of dishonesty around Westerners complaining about foreign cheap labor.
This is a strawman.
You're conflating different groups of people with different interests. Some people complain about labor conditions, some people complain that jobs are leaving the country. Almost nobody is "dishonest" about this.
Re: Vietnam to make Apple Watch and MacBook
#57Re: Vietnam to make Apple Watch and MacBook
#58Earlier quoted context omitted.
Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)
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It’s well documented that there were no poor people at all prior to the publishing of The Wealth of Nations in 1776. /s
Re: Vietnam to make Apple Watch and MacBook
#59At some point we should outsource our armies and perhaps even governments. If a real war starts we can use the services industry, unless we outsource that too. We’ll send the lawyers and software engineers in, and power our cardboard tanks with wood and steam. I was hoping the pandemic and the war in europe would teach us that electronics, particularly high end, should be relocated to allied countries at the very lea…
You’re ignoring the entire dependence on the worldwide supply chain. That’s like Cook making a show of “manufacturing Mac Pros” in the US for Trump when only final assembly was done here.
He did the same dog and pony show in Great Brittain.
Re: Vietnam to make Apple Watch and MacBook
#60A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
There is a lot of dishonesty around Westerners complaining about foreign cheap labor. They claim to be championing labor rights, but they are often just angered at companies for stopping all manufacturing in the West. They see it as an obvious weakness in their ideology that companies can just walk away from their labor movement and go elsewhere. The obvious truth, and what literally all of these Vietnamese workers w…
95% of Vietnamese support capitalism: https://eu.usatoday.com/story/news/world/2015/03/13/vietnam-... thus making it the most capitalist country in the world...
Second in line is Bangladesh
P.S. USA had a capitalism approval around 70% in the same survey.