Sat, Dec 08, 2012 - Page 15 News List

Apple to produce line of Macs in the US next year

STRATEGY:Companies are rethinking the location of their manufacturing process, as Chinese wages are rising by 15 to 20 percent per year, an analyst said

AP, NEW YORK

As a result, it is really more about starting production in the US than bringing it back, he said.

The news comes a day after Apple posted its worst stock drop in four years, erasing US$35 billion in market capitalization. Apple’s stock rose US$8.45, or 1.6 percent, to close at US$547.24 on Thursday.

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