Corning Incorporated Stories June 4, 2012
Corning Incorporated Stories March 2, 2012
That and Apple’s reliance on Asian parts materials makers had led some to believe that Apple had gone to Asian glass manufacturers for their iPhone production.
In the New York Times’ iEconomy series, Corning is said to have shifted its glass manufacturing to China.
“Our customers are in Taiwan, Korea, Japan and China,” said James B. Flaws, Corning’s vice chairman and chief financial officer. “We could make the glass here, and then ship it by boat, but that takes 35 days. Or, we could ship it by air, but that’s 10 times as expensive. So we build our glass factories next door to assembly factories, and those are overseas.”
However, today, Apple released its US Jobs report which included the following info:
Corning employees in Kentucky and New York who create the majority of the glass for iPhone,..
What’s the takeaway? expand full story