LIVE：Tim Cook Interview at 2017 Fortune Global Forum
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In an interview with Fortune, Apple CEO Tim Cook explained that China is no longer a cheap labor market, as many people assume. He said labor costs in China haven’t been low for years. Instead, Apple manufactures there because of the country's unmatched concentration of skilled labor, especially in areas like tooling and precision engineering. Cook highlighted that while the U.S. might struggle to gather a few hundred skilled engineers, China can fill entire football fields with them. This depth
1:17
In an interview with Fortune, Apple CEO Tim Cook explained that China is no longer a cheap labor market, as many people assume. He said labor costs in China haven’t been low for years. Instead, Apple manufactures there because of the country's unmatched concentration of skilled labor, especially in areas like tooling and precision engineering. Cook highlighted that while the U.S. might struggle to gather a few hundred skilled engineers, China can fill entire football fields with them. This depth
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