01/22/2012 01:22 pm ET Updated Mar 23, 2012

How U.S. Lost Out On iPhone Work

It isn't just that workers are cheaper abroad. Rather, Apple's executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that "Made in the U.S.A." is no longer a viable option for most Apple products.

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