Apple To Make Big Investment

 Apple To Make Big Investment

Apple To Make Investment Worth $500 Billion

Apple has made a big announcement that it will be making a $500 billion investment in the USA. The firm will make this massive investment during the next 4 years.

The plan includes building a factory in Texas, which will contain AI servers. The company will also create around 20K jobs in the research and development.

Apple To Create 20,000 Jobs

The $500 billion will cover everything from the Apple TV to buying from the US suppliers. However, Apple didn't clarify how much it is already spending to get stuff from its US Supply Base.

This big announcement came after reports revealed that Apple CEO had a meeting with President Trump. Right now, the bulk of the Apple products are made in China. However, that is now under risk of 10% tariffs from the US government.

One analyst added that this pledge is nothing but a political gesture. He added that Apple already has plans to spend around $150 Billion or more in the USA. Including the capital expenditure and the cost of goods sold.

So, even if they don't increase their spending, they would only take 3-4 years to reach the obligation. If we look back, Apple made an announcement like this during the year 2018.

Back in 2018, the firm announced that it would be spending $350 billion in the USA economy over the next 5 years. So, making claims about investment is nothing new for the Apple.

After the announcement, the shares of Apple jumped by 1.2%. If we take a rational look at the pledge, it is just a political statement.

Apple was already planning to spend somewhere around that amount during the next few years. However, they have managed to turn it into a win for themselves and the Trump administration.

Despite this, one thing remains true: US firms are now trying to increase their investments in the USA.

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