Apple spends $1 billion on manufacturing jobs in the US

Bruno Cirelli
Mag 8, 2017

Cook reiterated that point during the CNBC interview, along with Apple's claim that it has created 2 million jobs in the United States, 80,000 of which are directly at Apple and the rest coming from suppliers and software developers for the company's app ecosystem.

While Apple has reportedly created two million jobs in the USA over the years, Cook said he hopes the investment will lead to even more positions. "We give back in job creation". Apparently, it's not clear what the exact nature of those investments will be yet, and how they will deliver returns back to the new fund or Apple.

In February during the company's annual shareholder meeting, Cook said Apple spent $50 billion in 2016 with its USA suppliers, which include firms like 3M Co and Corning Inc, the first time Apple has disclosed the metric.

Falling somewhat in line with President Donald Trump's vision of bringing back manufacturing jobs to the United States, the Cupertino company said it would announce the first investment from its new fund later this month. Is Apple preparing for this future, by training new coders and engineers to build these systems and technologies, with the manufacturing being done in the US. "We have been investing quite a bit".

Apple is among a growing number of companies announcing moves to add to American jobs in the wake of the election of President Donald Trump, who campaigned on bringing jobs back from overseas. Cook has personally attacked the current tax code many times over the last few years. "And I hope that comes to pass", Cook said in response to a question about tax reform. Apple's contribution amounts to a tiny fraction of its $257 billion in cash. Apple, one of the world's most valued companies, sold 50.76 million iPhones globally in the first quarter of the calendar year, down from 51.19 million it sold during the same period of the previous year.

IDC data suggested Apple only sold 44.9 million iPhone units in China in 2016, down 23.2 percent from 2015. iPhone shares in China also declined to 9.6 percent from 13.6 percent.

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