Apple’s Tim Cook laughing at the inauguration

Apple CEO Tim Cook greets former President Barack Obama after the inauguration of Donald Trump (Julia Demaree Nikhinson/Getty Images)

iPhone Home

Ives: iPhone production will remain in China and India, despite what Trump says

Trump yesterday said he had a “little problem” with Apple CEO Tim Cook not bringing production to the US.

Rani Molla

5/16/25 8:16AM

Yesterday President Trump reiterated that he wants Apple to move production to the US, not India, where it had been moving iPhone manufacturing for the US market to avoid uncertainty about tariffs on China. Wedbush Securities analyst Dan Ives today countered that’s just not going to happen. At least not soon.

From the note, bolding ours:

“While Apple has announced $500 billion of investment (and likely more on the docket) into the US which are primarily AI driven initiatives, we see no chance that iPhone production starts to happen in the US in the near-term given the upside down cost model and Herculean-like supply chain logistics needed for such an initiative. We fully expect more pressure from the Trump Administration on Apple to build iPhone production in the US... but as we have discussed this would result in an iPhone price point that is a non-starter for Cupertino and translate into iPhone prices of ~$3,500 if it was made in the US and this would take many years.”

Ives called Apple CEO Tim Cook’s pivot to India a “very smart strategic move given the uncertain tariff environment facing Apple in China” and his “hall of fame moment.” The analyst says Apple could bring about 60% to 65% of iPhone assembly production to India by the fall but “could easily pivot back to a China driven iPhone strategy depending on the tariff situation and deal negotiations.”

The most outlandish tech CEO quotes from 2025

Tech CEOs have been nuttier than ever.

Rani Molla12/12/25

Trump AI executive order is a “major win” for Open AI, Google, Microsoft, and Meta, says Ives

President Trump’s new executive order aiming to keep states from enacting AI laws that inhibit US “global AI dominance” is a “major win” for OpenAI, Google, Microsoft, and Meta, according to Wedbush Securities analyst Dan Ives. Big Tech companies have collectively plowed hundreds of billions into the technology, while seeing massive stock price gains, and Ives believes they stand to gain much more.

“Given that there have been over 1,000 AI laws proposed at the state level, this was a necessary move by the Trump Administration to keep the US out in front for the AI Revolution over China,” Ives wrote, adding that state-by-state regulation “would have crushed US AI startup culture.” The presidential order would withhold federal funds from states that put in place onerous AI regulations.

This morning, Whitehouse AI adviser Sriram Krishnan said in a CNBC interview that he’d be working with Congress on a single national framework for AI.

Despite Ives’ rosy read-through on the order, with the exception of Nvidia, which jumped on a report of boosted Chinese demand, many AI stocks are in the red early today. The VanEck Semiconductor ETF is down nearly 1% premarket, as the AI trade struggles thanks to underwhelming earnings results from Oracle earlier this week.

Ensuring a National Policy Framework for Artificial Intelligence

This morning, Whitehouse AI adviser Sriram Krishnan said in a CNBC interview that he’d be working with Congress on a single national framework for AI.

Rani Molla12/11/25

Epic scores two victories as “Fortnite” returns to Google Play and appeals court keeps injunction against Apple

“Fortnite” maker Epic Games notched two wins Thursday in its drawn-out battle against Big Tech’s app stores. “Fortnite” returned to the Google Play app store in the US, Reuters reports, as Epic continues working with Google to secure court approval for their settlement.

Meanwhile, a US appeals court partly reversed sanctions against Apple in Epic’s antitrust case, calling parts of the order overly broad, but upheld the contempt finding and left a sweeping injunction in place — keeping pressure on Apple to allow developers to steer users to outside payment options and reduce its tight control over how apps can communicate and monetize on iOS.

So many reasons to drop in this month... and now we're on Google Play in the U.S. too!

Android: https://t.co/Z6pkYqYsRI
iPhone: https://t.co/JNpTVneGMN
PC: https://t.co/CPsjp3XNdo pic.twitter.com/TV9b1ZlqfJ
— Fortnite (@Fortnite) December 11, 2025

Jon Keegan12/11/25

Report: AI-powered toys tell kids where to find matches, parrot Chinese government propaganda

You may want to think twice before buying your kids a fancy AI-powered plush toy.

A new report from NBC News found that several AI-powered kids toys could easily be steered to dangerous as well as sexually explicit conversations in a shocking demonstration of the loose safety guardrails in this novel category of consumer electronics.

A report out by the Public Interest Research Group details what researchers found when they tested five AI-powered toys for kids bought from Amazon. Some of the toys offered instructions on where to find matches and how to start fires.

NBC News also bought some of these toys and found they parroted Chinese government propaganda and gave instructions for how to sharpen knives. Some of the toys also discussed inappropriate topics for kids, like sexual kinks.

The category of AI-powered kids toys is under scrutiny as major AI companies like OpenAI have announced partnerships with toy manufacturers like Mattel (which has yet to release an AI-powered toy).

AI toys for kids talk about sex and issue Chinese Communist Party talking points, tests show

The category of AI-powered kids toys is under scrutiny as major AI companies like OpenAI have announced partnerships with toy manufacturers like Mattel (which has yet to release an AI-powered toy).

Jon Keegan12/11/25

OpenAI releases GPT-5.2, the “best model yet for real-world, professional use”

After feeling the heat from Google’s recent launch of its powerful Gemini 3 model, OpenAI’s response to its “code red” has been released, reportedly on an accelerated schedule to keep up with the competition.

The company’s new flagship model, GPT-5.2, is out, and the company is calling it “the most capable model series yet for professional knowledge work.”

OpenAI CEO Sam Altman called it the “smartest generally-available model in the world” and shared benchmarks that showed it achieving higher scores than Gemini 3 Pro and Anthopic’s Claude Opus 4.5 in some software engineering tests and abstract reasoning, math, and science problems.

In a press release announcing the new model, the company said: “Overall, GPT‑5.2 brings significant improvements in general intelligence, long-context understanding, agentic tool-calling, and vision — making it better at executing complex, real-world tasks end-to-end than any previous model.”