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>You're right about that. Apple does sell the iPhone with 100% markup.
>
On Sun, 24 Nov 2024, dsi1 wrote:
>On Sat, 23 Nov 2024 23:51:15 +0000, Michael Trew wrote:>
>On 11/23/2024 9:33 AM, Janet wrote:>In article <674134ab$1$3474736>
$882e4bbb@reader.netnews.com>, michael.trew@att.net
says...>>
Sorry for the DSI1 style slide off-topic, but I guess my point is that
we could make our own televisions and electronics in the US again, like
we did in the "good 'ole days".
All that's changed since the good ole days, is that
China now produces 60% of the world's rare earth elements
supply and processes 90% of it.
>
Plus, China has spent the last half century using modern
technology to highly educate and train a gigantic
workforce.
While the Chinese throw notion of child labor laws to the wind, paying
children bottom-dollar wages, bunking in boarding rooms, laboring 18
hour days to create electronics... For the first world to buy at a
marked up premium. I think there is somewhere near $30 worth of parts
and labor into the $1,000+ iPhones that Apple sells.
It cost about $550 to produce an iPhone these days. They sell them at
about a 50% markup.
>
Wow, talk about the cost having come down! I thought the margins would
be
at least 100%! We can thank the chinese for that! =)
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