How the U.S. lost out on iPhone manufacturing work, and what it means for the future of job creation in the United States:
"But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?
"Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.
"Why can’t that work come home? Mr. Obama asked.
"Mr. Jobs’s reply was unambiguous. 'Those jobs aren’t coming back,' he said, according to another dinner guest."
PUBLISHED: Jan. 21, 2012
LENGTH: 18 minutes (4734 words)