Posted on 05/03/2017 4:38:21 PM PDT by mdittmar
Apple CEO Tim Cook said that his company will start a $1 billion fund to promote advanced manufacturing jobs in the United States.
"We're announcing it today. So you're the first person I'm telling," Cook told "Mad Money" host Jim Cramer on Wednesday. "Well, not the first person because we've talked to a company that we're going to invest in already," he said, adding that Apple will announce the first investment later in May.
The fund comes as President Donald Trump has made bringing back manufacturing jobs a big part of his agenda, and it fits into Apple's larger effort to create jobs across its spectrum, from its own employees to app developers to its suppliers.
(Excerpt) Read more at cnbc.com ...
Obama to Steve Jobs: “What would it take to make the iPhone and Mac, right here, in America..?”
Jobs: “It would require that you were not the President.”
AND NOW, BEHOLD..!
Is Robotics considered advanced manufacturing jobs?
Probably not in their mind.. they're probably investing in outfits like ANTIFA (they manufacture protest signs/banners).
We don't make those either here.
One, out of the 200+ billion they’re-patriating- will be invested instead of used to purchase their stock.
That’s not very impressive.
Lol! He has yet to admit that he plans to fill those jobs with H1 visas.
It is not possible to make iPhones in the US. The American workforce would not put up with the onerous conditions required to make assemble them effectively.
However, the Chinese assembly work only adds about $5 of value of each iPhone. Most of the value is in the making of the components, some of which are made in the US.
They are not repatriating any money right now. Cook said in the interview they would be using funds that are already in the US.
OK. So you don't like their $1 Billion.
How much of your money are you putting up to bring jobs to the US?
When you hit 1% of theirs let me know...
“Apple boss Tim Cook has been criticized for missing a trick by carrying out a share buyback before the introduction of Donald Trump’s tax repatriation plan.
Apple posted quarterly earnings revenue of $52.9 billion Tuesday. The figure was just shy of expectations, but the firm appeased investors with an increased quarterly dividend of $0.63.
The firm also upped its buyback program by $35 billion and plans to spend a total of $210 billion buying back its stock by the end of March 2019.”
http://www.cnbc.com/2017/05/03/apple-share-buyback-trump-tax-plan.html
One billion to investment, 210 billion to stock repurchases.
As I said- unimpressive.
No, but we use them.
Considerable amount as I want a 20% import tariff put in place NOW!
Apple bump for later....
“One, out of the 200+ billion they’re-patriating- will be invested instead of used to purchase their stock.”
The 200 billion will never come home unless the tax law changes.
It hasn’t happened yet.
Thanks to GingisK for the heads up!
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