Rolf Winkler

We just don't have that in the United States anymore.

Right.

So you combine lots and lots of workers coming from rural areas who are happy to work inside an assembly plant by the hundreds of thousands or millions.

And with the skilled labor that exists there, that's an advantage that a place like China has that the U.S.

can't match.

If you're going to try to do it in the U.S., you wouldn't have the workers and they would cost more.

It's just not plausible to do that unless you wanted to pay $10,000 or whatever for your iPhone.

It shows there's a start, right?

There's actually stuff being built.

It's the beginning.

We have a long way to go and we will probably never catch Asia again.

without a generational investment and focus on this as America.

But it's not nothing.

That tells you something about people potentially concerned with these cost pressures that may be coming down the line for the components that go into the iPhone that could hit Apple's margins.

What's a company got to do to impress investors is one thing you wonder about this earnings.

The stock is flat on this report, which was gargantuan.

As the CFO put it to me, the company increased its revenue this quarter versus the year ago by $20 billion.

People are upgrading to this new iPhone 17 in crazy numbers.

For all the hand-wringing about Apple is behind in AI and they don't have this, they don't have that, what this quarter just proved is it doesn't matter.

People keep buying iPhones.