Last year, Apple promised that it would make a positive impact of $350 billion on the U.S. economy over a five-year period.
Sanmit Amin for Market Realist:
On Thursday, Apple shared an update on its promise. The company announced that its job footprint in the US reached 2.4 million. Apple said that that the job footprint has grown four-fold since 2011… The jobs have increased by 325,000 in the last two and a half years.
The tech giant announced that it is on track to hit its promise of contributing $350 billion to the US economy by 2023.
Apple pointed out that it spent a whopping $60 billion on US suppliers last year, which supported 450,000 jobs…
MacDailyNews Take: Congrats and thanks to Apple for directly and indirectly supporting millions of jobs in the U.S. for so many years, including ours!
Yeah, I’m sure POTUS quite grateful to Apple, while slapping Apple with tariffs on every product. I’m certain Wall Street won’t give any extra value to Apple for increasing the amount of American jobs.
Tariffs are 4 rampant ip theft and requiring Chinese partners who rip off manufacturing techniques and then set up wholly owned Chinese competitors. China’s economy is way too large too allow this to continue. This is about the only thing trump has gotten right!
Please tell us which traitor US corporations, which all moved to China knowing full well that IP theft was rampant there, have received compensation for that theft from China? Which ones moved their factories back to the US? Which ones are hiring and training bigly numbers of US workers instead of buying their own stock? Which US companies & consumers have significantly ramped up their purchasing now that tariffs are imposed on them, the buyers? Why are US housing starts tanking? Why id GDP growth under Trump trailing the Obama era growth? Why is US business investment down 5.5% in 2019 so far? Why is US trade with Europe and the Americas dropping? Why is the US cash trade deficits setting new records under Trump? Why is Trump running the largest federal budget deficit in history at a time when he claims the economy is historically good (at only 2.1% GDP growth in 2Q 2019, who’s he fooling!)
Trump fans, at some point you’re going to have to admit who’s running the economy now. Stop pretending IP theft is thwarted by halting global trade. When Trump takes a Chinese company to court and wins reparations, then you might have something. Meanwhile debtor in chief Trump is causing more pain to America than to China. China’s economy has 200 other nations to sell their products to. Including every single Apple device currently being made. Why isn’t Trump taking Tim Apple to task for outsourcing everything? Why do you give Apple a free pass to be an economic traitor, literally teaching foreign nations how to outcompete the US?