What’s troubling Apple: Economist on CEO factory puzzle; ‘India or China?'
Economists criticize Apple's shift towards political appeasement under Trump's pressure, with CEO Tim Cook prioritizing relationships over innovation. Concerns arise over 'corny capitalism,' where political favor dictates corporate success. Apple's supply chain diversification plans in India face hurdles as Foxconn withdraws Chinese engineers, potentially hindering iPhone production and technology transfer, amidst Beijing's efforts to curb exports to India.
Economists criticize Apple's shift towards political appeasement under Trump's pressure, with CEO Tim Cook prioritizing relationships over innovation. Concerns arise over 'corny capitalism,' where political favor dictates corporate success. Apple's supply chain diversification plans in India face hurdles as Foxconn withdraws Chinese engineers, potentially hindering iPhone production and technology transfer, amidst Beijing's efforts to curb exports to India.
