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Cook said in his interview with NBC that companies like Apple chose to produce their products in places like China, not because of the lower costs associated with it, but because the manufacturing skills required just aren't present in the U.S. anymore. He added that the consumer electronics world has never really had a big production presence in the U.S. As a result, it's really more about starting production in the U.S. than bringing it back. The news comes a day after Apple posted its worst stock drop in four years, erasing $35 million in market capitalization. Apple shares fell $5.17 to $533.62 in Thursday's premarket session.
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