Your iPhone and iPad, among other Apple products, will all have the phrase "Assembled in China" printed on the back. Why the computer giant chose to relocate all of its production facilities overseas, mostly to China, is a mystery to many. A common misconception is that labour costs in China are low, which explains why so many IT giants have set up production facilities there.?
Apple was accused of similar things quite a bit.?
According to Apple CEO Tim Cook, the country's talent pool outweighs its cheap labour expenses as the company chooses China.
¡°The popular conception is that companies come to China because of low labour costs. The truth is China stopped being a low labour costs country many years ago,¡± Cook said.
¡°The reason is because of skill, the quantity of skill in one location and the type of skill it is,¡± he added.?
Cook continued by saying that the items require sophisticated tooling and that precision is needed when utilizing cutting-edge materials and tooling. He added that China possesses "very deep" tooling capabilities.?
Tooling engineers could pack a room at a US gathering, Cook emphasized, while contrasting the US with China. However, you could fit numerous football fields in China.?
Elon Musk, the CEO of Tesla, responded, "True," to the statements made by the CEO of Apple.?With six million views, the video generated comments.? ??
Here's what some other people wrote.?
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