Apple Announces $500B US Investment Plan, Adding 20K Jobs

[siddavis]

For context, Apple spent almost $700 billion on stock buybacks in the last 10 years.

IMO, this is a rerun of the corporate happy talk prior to the $2 trillion tax cut in 2017. The current GOP plan is to renew the old cuts and then add an even larger layer of new tax cuts on top of it. So they'll have some corporate CEOs trotting out to praise the cuts and claiming that they want to use it for infrastructure/hiring etc. But the price will be an even larger national debt explosion and the average American getting a swift kick in the gut from all of the cuts to government services/benefits.

Also for context, that $2 trillion cut resulted in a .1% increase in GDP growth average during Trump's 1st term. Cutting taxes for corporations/wealthy is a lousy way to stimulate growth.

Show me where federal tax cuts resulted in lower tax revenue.

 

[Blackstick]

Everything stated is because we tried the -throw money at it- solution almost half a century. Meanwhile those in charge padded their pockets at the expense of our youth. Time for new ideas and to tell the "experts" to take a seat.

Experts like 19 year old Doge employees who got ********** at their previous internship for leaking classified materials and source code?

 

[siddavis]

The problem is that the investment is predicated on GOP/Trump promising gigantic tax cuts for corporations. Tax cuts are a very inefficient way to stimulate the economy. Example: GOP/Trump delivered a $2 trillion tax cut in 2017 and the net result was 2.6% GDP growth average over Trump's first term, which was barely better than the 2.5% from Obama's 2nd term (which had no new stimulus at all).

Again, what did the government take in? Tell us about the tax revenue.
Conversely, couldn't it be said that with $2 trillion tax increase, Obama could barely keep pace?

 

[philosopherdog]

I guess Americans will have to go to school and wake up

 

[siddavis]

Experts like 19 year old Doge employees who got ********** at their previous internship for leaking classified materials and source code?

They aren't DOGE employees. They are employees of the executive branch of the government... the one you think should be running all aspects of our lives. Make the bed - sleep in it. Also, I thought ageism was a bad thing?

 

[siddavis]

The actually dangerous people are all the ones he has enabled around him

Maybe next time we should be cautious when creating an executive branch... I mean 4th branch of the government? I'm seriously thrilled we are all finally coming around to just how bad it is to create such a monstrous leviathan. Getting away from the founding principles sure has a way to bite you in the arse when your team is no longer in charge, huh?

 

[picpicmac]

Tim Cook acts like a politician.

In the year 2025 that is exactly the job of a CEO of a large multinational company.

 

[picpicmac]

What’s wrong with using your own hands to craft something in a factory setting?

As if assembly isn't nearly all done by robots these days?

Assembly line factors are NOT about crafts.

 

[siddavis]

Meanwhile Intel and Foxconn promised him much the same in 2017 and 8 years on? Nothing built.

These promises don't mean much if the can is kicked down the road.

A lot of folks keep saying this, but I am not seeing alternatives.
Also, I'll just leave this here:

$7.5 Billion in Tax Dollars Yield Only 8 EV Charging Stations

More than two years later, electric vehicles remain a political football. The Biden administration says it takes time to get it right.

www.autoweek.com

 

[siddavis]

It's LOOOOL funny that the Trump admin's plan is just tariffs and THAT'S IT. If they were serious about this plan they'd also be pouring BILLIONS of federal dollars into American manufacturing, creating education opportunities for domestic workers to get the knowledge they need to succeed, creating resource guides for consumers so they can buy American made products, etc.

buuuut nope. They just implement tariffs, US consumers pay more, nothing actually happens on US soil. I realize this article is about *something* happening on US soil, but this is the richest company in the history of humanity. They could have done this years ago.

Perhaps because they've seen decades on end of pouring federal dollars into these types of boondoggles where the money ends up in places it's not supposed to? Been paying attention the last 4 weeks? So LOOOOOL funny

 

[siddavis]

Shaking people down via threats of tariffs is not "working together"



No, it's not "positive"

It's corruption and extortion

Tell us all about corruption and extortion.
"...and I'm a man of my word, and now that the new prosecutor general is in place we're ready to move forward in signing that new one billion dollar loan guarantee." -JRB

 

[siddavis]

What do you mean by sanity is back?

Sanity - the ability to think and behave in a normal and rational manner; sound mental health
Is - present tense third-person singular of be
Back - expressing a return to an earlier or normal condition

 

[technole]

If you read the statement closely, there is no promise to move any assembly of iPhone, iPad and Macs to the US.

There is no way they can replicate the lines at Foxconn Shenzhen and Quanta Computer Chongqing here with the way the economics are for iPhones and Macs, and the world currently. Never mind people actually live it the dorms at these plants.

It's easier to build new things in new facilities and places. Along with added subsidies.

 

[frownface]

While I am very happy Apple is showing willingness to on shore manufacturing again (was the Mac Pro the last attempt?), 20,000 jobs for a $500 BILLION investment seems a poor value proposition. That’s $25 MILLION for each job added.

y'know what. I put up my hand to take up one of those jobs, and i'll do it for only $20 MILLION. thereby saving apple 5 million dollars.

 

[whitby]

Apple could have done this years ago without prompting by the current administration, so one has to ask why not? It is a sad fact that companies like Apple gave all their orders to China originally to lower costs and along with this all the technology to achieve that end where they had a hungry and large population that wanted to succeed. China's government willingly supported this effort and provided the fiscal investment necessary to make China a highly skilled manufacturing center for electronics etc. Now the US, like Europe, have no skills and no infrastructure to support the same level of manufacturing. Decades of investing in China has done this and we sit and wonder why? We destroyed our manufacturing base and more importantly the skills by encouraging people to take up non value added careers.

Apple may have agreed to spend the money but it takes time and skills education to get to anything like the level that China has now achieved. This is not a silver bullet. The US is quite capable of achieving the necessary skills etc. but it will take time to get there. This is no silver bullet for a problem created by greed in the past. We did this to ourselves and now we are paying for it.

 

[Blackstick]

Apple could have done this years ago without prompting by the current administration, so one has to ask why not? It is a sad fact that companies like Apple gave all their orders to China originally to lower costs and along with this all the technology to achieve that end where they had a hungry and large population that wanted to succeed. China's government willingly supported this effort and provided the fiscal investment necessary to make China a highly skilled manufacturing center for electronics etc. Now the US, like Europe, have no skills and no infrastructure to support the same level of manufacturing. Decades of investing in China has done this and we sit and wonder why? We destroyed our manufacturing base and more importantly the skills by encouraging people to take up non value added careers.

Apple may have agreed to spend the money but it takes time and skills education to get to anything like the level that China has now achieved. This is not a silver bullet. The US is quite capable of achieving the necessary skills etc. but it will take time to get there. This is no silver bullet for a problem created by greed in the past. We did this to ourselves and now we are paying for it.

In all probability, assuming elections remain free and fair… a Democrat will replace Donald in 2028 and a Republican will replace that Democrat in 2032. As long as this back and forth happens and it’s always a flurry of issued and then canceled executive orders and empty promises, nothing is gonna get fixed.

The fact is a Mac 128k assembled in Fremont, CA was $2495 in 1984 dollars. That’s $7800 today. Nobody is gonna buy a $4000 iPhone solely because it’s assembled in Texas. So as usual, China wins.

Fender has done this for many years. Their Asian Squier brand guitars are $300. The 1990s Japanese ones became Mexican ones ~25 years ago, and are now $700-1000… and the American ones are well over $2000. Most people who don’t have a recording contract don’t buy the American because they cannot afford it.

In this comment section you’ve got right wingers promising to buy American. Fact is they enjoy Walmart and Amazon prices like the rest of us. They’re not gonna pay $79 for a doodad made in Wisconsin when there’s 30 Chinese ones for $29. They make $110,000 a year, I don’t blame them.

 

[tgwaste]

Well would you look at that. No possible way this happens under Kamala.

 

[delsoul]

What’s so political about this that it needs to be in the political section? It’s just Apple investing itself in building a facility in Texas

 

[tgwaste]

In all probability, assuming elections remain free and fair… a Democrat will replace Donald in 2028 and a Republican will replace that Democrat in 2032. As long as this back and forth happens and it’s always a flurry of issued and then canceled executive orders and empty promises, nothing is gonna get fixed.

LOL. Get ready for 8 years of JD bud. The democratic party is over.

 

[delsoul]

Tim Cook acts like a politician. For example, whenever Cook was asked why he didn't let Apple do more manufacturing in the U.S. rather than in China, he gave this excuse that manufacturing in China wasn't just for lower costs, but because of China's greater manufacturing infrastructure and expertise. But no one challenged Cook to explain WHY China has better manufacturing infrastructure and expertise. It's because decades ago, money-hungry companies like Apple shifted their manufacturing to China, thus creating the environment for China to grow that beneficial environment and workforce. In an alternate reality, if companies like Apple had kept their manufacturing in the U.S., then that same awesome manufacturing infrastructure and expertise would have been in the U.S. today, not in China. I hate it when people in the Media, who interview Tim Cook, never press him on that point.

Just like when the interviewer asked Tim Cook about Stevie Wonder having early access to the Vision Pro…Tim just danced out of it and didn’t answer the question (like usual) and the interviewer just let him get away with it instead of holding him to it.

 

[Blackstick]

LOL. Get ready for 8 years of JD bud. The democratic party is over.

He doesn’t have an ounce of charisma and narrowly lost in Ohio until Trump spoke up. Go figure, rural populists don’t support investment bankers.

You don’t know your own party. Trump is a once in a lifetime candidate and a cult of personality that drives turnout in a way no other conservative candidate has. It’s an Obama JFK like zeitgeist and not duplicatable.

GOP will be like Disney post Walt after Donald dies. Aimless for 20 years.

There’s also only been 3 vice presidents in the last 200 years who ascended to the presidency. Nixon, Bush 41 and Biden. It’s relatively rare. Prior to Nixon, you’re talking about 3 guys in the 19th century including Jefferson… that might as well be a different nation entirely that has nothing in common with America in the 2030s.

Increasingly, incumbency isn’t a benefit for reelection. It bit Trump and Biden. Americans want a shakeup every 4 years. Next president will be a Dem promising to fix whatever doge broke.

 

[iBreatheApple]

What’s so political about this that it needs to be in the political section? It’s just Apple investing itself in building a facility in Texas

Just look at the ~90% here in the comments making a positive story about 20,000 American jobs all about how TERRIBLE trump is and he’s a dictator and that’s not even a good amount of jobs for that amount of money blablabla. True clown behavior. Then people like me have to chime in and try our best to slap them with a tiny dose of reality (but jokes on us because they will never open their eyes so we’re fools for trying). So yes… very political lol. I mean… just look at everyone in the comments on YouTube with the headlines today of trump failing to call Putin a dictator like they asked him to. They’re losing their minds about it, yet fail to use just a little brainpower and realize…. Hmm… maybe it’s not a good idea for trump to slander and name call the person he’s trying to leverage and negotiate ending a war. They’re relentless. Every day has to be a fight for them. They don’t realize how bucktoothed they look trying to call him out and push the “he’s in bed with putin” narrative. Funny… in 2015/2016 they said Trump would piss Putin off so bad it would escalate into a nuclear war. When that wasn’t the case they had to flip the script and say he’s in bed with him. 🤡

 

[Blackstick]

Just look at the ~90% here in the comments making a positive story about 20,000 American jobs all about how TERRIBLE trump is and he’s a dictator and that’s not even a good amount of jobs for that amount of money blablabla. True clown behavior. Then people like me have to chime in and try our best to slap them with a tiny dose of reality (but jokes on us because they will never open their eyes so we’re fools for trying). So yes… very political lol. I mean… just look at everyone in the comments on YouTube with the headlines today of trump failing to call Putin a dictator like they asked him to. They’re losing their minds about it, yet fail to use just a little brainpower and realize…. Hmm… maybe it’s not a good idea for trump to slander and name call the person he’s trying to leverage and negotiate ending a war. They’re relentless. Every day has to be a fight for them. They don’t realize how bucktoothed they look trying to call him out and push the “he’s in bed with putin” narrative. Funny… in 2015/2016 they said Trump would piss Putin off so bad it would escalate into a nuclear war. When that wasn’t the case they had to flip the script and say he’s in bed with him. 🤡

The reality is, Trump flies by the seat of his pants and when it inevitably goes poorly for him, the GOP just invents excuses or blame shifts.

He plays the game with cheat codes enabled, and you get annoyed that 70% of the country calls out the BS.

 

[technole]

Just look at the ~90% here in the comments making a positive story about 20,000 American jobs all about how TERRIBLE trump is and he’s a dictator and that’s not even a good amount of jobs for that amount of money blablabla. True clown behavior.

No different when Biden signed the CHIPS act that allowed TSMC, Intel, SK and many others to create thousands of jobs domestically from now and into the future. Also have to stop pretending like nothing was happening before the guy came into office.

 

[BaldiMac]

Apple could have done this years ago without prompting by the current administration, so one has to ask why not?

Except they did do this years ago.

$430 billion in 2021
$350 billion in 2018

Apple commits $430 billion in US investments over five years

Apple today announced an acceleration of its US investments, with plans to add 20,000 jobs across the country over the next five years.

www.apple.com