Apple Inc. is reportedly considering moving iPhone production to the U.S., according to a report by Japan’s Nikkei Asian Review. The company was asked by the tech giant in June to study the possibility, the report said, citing “sources.”
President-elect Donald Trump is is not even officially in the Oval Office and already he’s bringing jobs back to America as he pushes Apple and other companies who have moved offshore to make more of their products in the U.S.
Apple’s stock slipped 0.4% in midday trade, while Taiwan-based Foxconn’s shares were unchanged in overnight trade. Apple’s stock has lost 1.4% since the election, while the SPDR Technology Select Sector ETF XLK, +0.63% has eased 0.1% and the Dow Jones Industrial Average DJIA, +0.07% has gained 2.9%. Continue reading