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Apple to Bring Some Mac Manufacturing Back Home

By Evan Niu, CFA - Dec 6, 2012 at 11:18AM

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Tim Cook confirms plans to bring some manufacturing back to the U.S.

Apple (AAPL -2.80%) CEO Tim Cook has confirmed in two separate interviews that the company is planning on bringing back some of its manufacturing to the U.S. Cook sat down with NBC as well as Bloomberg Businessweek, saying some Macs will be assembled in the U.S. starting next year.

Cook also pointed out that several components are currently manufactured domestically, but final assembly takes place in China. For example, the "engine for the iPhone and iPad," referring to the processor, as well as the Gorilla Glass from Corning (GLW -2.34%) found on the front of iDevices are both made stateside.

Cook also said that it wasn't just about price and costs, but also a function of skill sets that have transitioned overseas. Apple will be investing more than $100 million to bring some manufacturing back. This confirmation comes shortly after some customers noticed their new iMacs were labeled "Assembled in the USA" instead of the usual "Assembled in China."


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