Theories Of International Trade And Investment

Apple Chinese Manufacturing Name Institutional affiliation Apple Chinese Manufacturing Introduction Apple Inc., originally known as Apple Computer, Inc is one of the most successful American technology companies with headquarters in Apple Park Way, Cupertino, California. The company was established by Steve Jobs and Steve Wozniak in 1976 to manufacture personal computers. Its first product was the Apple 1, a wooden computer that was hand built by Wozniak in Jobs parents garage, which was Apples first manufacturing plant. Since then Apple 1, the company has evolved to become one of the most innovative electronics company. In 2007, the company shifted its focus from computers to consumer electronics. The strategic change prompted the company to change its name from Apple Computer Inc. to Apple Inc. Apple is currently known for products such as the iPod, iPhone, iPad, iTunes, Apple Smartwatch and Beat By Dre headphones and speakers. Apple also made the decision to move most of its production to Asian countries, while designing in California. The move to Asia presents the company cost-saving advantage overproduction in the United States. Comparative advantage of manufacturing overseas Low cost of labor The cost of labor in America is prohibitive for most companies compared to the