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According to Konstantin Kakaes in MIT Technology Review, producing every single component of the iPhone in the United States, in addition to assembling it in the United States, would at most add $100 to the cost of the device.18 But while domestic production would not seriously inconvenience American consumers, American labor costs might cut into Apple’s profit margin, which in 2010 was 59 percent of the final sales price of its iPhone 4, with labor costs in China accounting for only 1.8 percent.19 In 2017, Apple’s iPhone X, which cost $357.50 to make and sold for $999, gave Apple a gross ...more
The New Class War: Saving Democracy from the Managerial Elite
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