Wedbush Securities analyst Dan Ives warned that shifting Apple's iPhone production to the U.S. is unrealistic, according to his post on X. He said the move would cause prices to soar. Dan Ives posted on X, suggesting U.S.-made iPhones could cost $3,500 compared to $1,000 models made in China. He called the idea of U.S. production a political talking point and an unrealistic fantasy. He described the concept of domestic Apple manufacturing as a “fantasy tale” and said the idea sounded "great behind the microphones."
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Let's watch securities analyst Dan Ives where the chip the Apple's iPhone production in the U.S.
00:06is unrealistic, according to his post on X. He said the move would cause prices to soar.
00:11That is posted on X suggesting U.S. made iPhones could cost thirty five hundred dollars
00:16compared to one thousand dollar models made in China.
00:18Call the idea of U.S. production a political talking point and an unrealistic fantasy.
00:23He described the concept of domestic Apple manufacturing as a fantasy tale and said the
00:28idea sounded great behind the microphones. For all things money, visit Benzinga dot com slash GSTV.