This is MacO-S Ken.

El Blanco says, what election? Apple pay gets charitable, and Sammy makes a big buy.

It's Tuesday, the 15th of November 2016.

I'm Ken Ray and this is news from Maco-S-Can.

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Drexel Hamilton analyst Brian White is among the most bullish of the Apple Bulls.

Perhaps it's no surprise then that he wants to wave aside uncertainty around Apple in a post-election world.

Apple closed down about 2.5% on Monday.

Barron says shares in the Kubertino company are down about 5%

since last Tuesday's election. But Drexel-Hamilton's L. Blanco won't be pulled from

his buy rating on Apple's shares and his $185 price target. That's mostly because he knows

that Apple can't make iPhones in the States and likely won't even try to try.

Outlining some of the same concerns I brought up here on Monday, White's note says manufacturing the iPhone in volume in the US is

unrealistic as many consumers would no longer be able to afford to buy an iPhone

due to higher manufacturing costs. This would not just disrupt iPhone sales but also all of the

industries and companies that have developed around the mobile internet over the years.

Even if the assembly of an iPhone occurred in the US, many of the components necessary to manufacture an iPhone are produced in China or elsewhere in Asia, the shipment into the US would prove costly.

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