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BofAS Expects Apple (AAPL.US) to Shift Production to US, iPhone Costs to Soar 90%
Recommend 5 Positive 8 Negative 7 |
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After the White House said Apple (AAPL.US) could manufacture iPhones in the US, BofA Securities released a research report saying that it's technically feasible, but the cost of an iPhone could soar by 90%. Just switching to US labor will increase the cost of iPhone by 25%, according to the report. If Apple also had to pay tariffs on importing parts, the total cost of an iPhone could rally by more than 90%. Therefore, the broker kept rating at Buy on Apple, with a target price of US$250. Apple's share price rebounded on Wednesday after 4 consecutive days of losses, and last leaped over 4%. AAStocks Financial News |
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