Apple CEO Tim Cook Announces $1B Fund for Advanced Manufacturing Jobs on CNBC's Mad Money

[mac_in_tosh]

"I think the iPhone is the best consumer product ever," he said. "That's what I feel about it. And it's become so integrated, so integral to our lives that you wouldn't think about leaving home without it."

Maybe too integral? People staring at their phone all day...just something creepy about that. The other day I passed four young girls, obviously friends, sitting on a bench and each of them was just staring at their phone instead of talking to each other. Less human, social interaction...it's not all good.

 

[soni.jd]

Maybe too integral? People staring at their phone all day...just something creepy about that. The other day I passed four young girls, obviously friends, sitting on a bench and each of them was just staring at their phone instead of talking to each other. Less human, social interaction...it's not all good.

Can't agree more!! Ahh How much do I miss meeting my friends and loved ones and may be that's why I'm afraid of VR...everything virtual nothing real.

 

[gnasher729]

What about more new emoji and watch bands?! That's what everyone is waiting for...

When you look at the numbers, you'll probably find that these watch bands make enough revenue and profit that many small companies would kill for. In many quarters, Apple watch bands made more profit than almost every company made selling smartphones, and in some quarters they made more money with watch bands than every smartphone company made.

Admittedly, in most quarters I made more profit selling lemonade than these companies made selling smartphones. Since I don't sell lemonade, my profit is always $0
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Maybe too integral? People staring at their phone all day...just something creepy about that. The other day I passed four young girls, obviously friends, sitting on a bench and each of them was just staring at their phone instead of talking to each other. Less human, social interaction...it's not all good.

With Virtual Reality, each phone will display the three other girls so everything will be fine in the end
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Would a $1 billion investment be sufficient to figure out how to put more than 16GB in a laptop?

32 GB is no problem. 32 GB without affecting battery life, now _that_ is a problem.

 

[Rogifan]

Maybe too integral? People staring at their phone all day...just something creepy about that. The other day I passed four young girls, obviously friends, sitting on a bench and each of them was just staring at their phone instead of talking to each other. Less human, social interaction...it's not all good.

I remember a time when my nephews spent all day in the bedroom playing video games. Is Apple responsible for that too?

 

[gnasher729]

Aren't the employees of Imagination free to leave that company? Yes. And didn't Imagination rely way too much on ONE customer to the point where it's ludicrous to insist that Apple should stick with them forever because of their inability to diversify? Yes.

I don't agree with the "relying too much on ONE customer". They made little revenue, they got a deal with Apple and made much more revenue for a few years, and later they will be back to little revenue. The years with lots of revenue are a good thing; should have been used to make profit, was used to pay employees and investors. All over good years. Doesn't last forever.
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So the upcoming iPhone will cost 2000usd.

Apple sells over 200 million iPhones a year. If a $1bn investment is all cost without any benefits (and Apple would have to be run by idiots for that to happen, and that cost was spread over 200 million iPhones, that would be $5 per iPhone. In other news, Trump blames all previous governments about the low quality of maths education in the USA.
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It's true that iPhone sales in China has taken a hit. Now I see more Huawei or Vivo phone than iPhone in Shanghai which was not the case till last year. There are more iPhone 5/5S/Se than 7/7 Plus.

No, it's not true. iPhone sales in China have grown. Sales of cheap android phones have grown more, but iPhone sales have grown massively.

Tim is just throwing our imbecile President a treat. Trump will claim a victory and stop harassing Apple.

If that's what is going to happen, it would be an excellent investment of $1bn.

 

[Brian Clifford]

Would it be possible for Mac Rumors to upload the full interview to this site or maybe YouTube?

 

[Lesser Evets]

Apple's revenue could have increased much more with new iPads, iMacs, iPods, MacPros, Mac Minis, monitors, Airports, etc. etc. etc. etc. Instead, the company is deleting products and centering on the phone... yes--the phone is the big earner, but you can earn more by selling a variety of other products which provide 11% of current revenue despite long pauses in updates.

The computer industry isn't like cars or houses or microwaves (buy for longer term use); computers have continually increased ability every year, so computers are almost like annual comics or TV shows or ephemera which people rely on to arrive at a certain point in time. Without that regular schedule, the reader/user/viewer goes elsewhere for their tech/entertainment.

Apple's upper echelon neglects to understand the nature of their entire business, except when it comes to iPhones. Imagine revenue if Cook treated the iPhone the way he treats the Macs (and other products at Apple). It would tank! So why is he tanking 20% of his revenue-making products? It's incompetence on his part.

 

[Rob_2811]

Seriously. This is why I don't come on this site anymore.

Recent Activity

Today at 1:55 AM

Yesterday at 1:44 AM

Sunday at 4:57

Saturday at 9:29 PM


So everyday apart from Monday and Tuesday

 

[TallManNY]

H1B scabs will probably take 50% of the jobs at half the rate an American worker would consider acceptable.

They would. There is a tremendous amount of world wide desire to live and work in the U.S. We could "brain drain" the entire world if we wanted to by offering Visas to millions of high skilled folks from other countries. But you have to pay H1B folks a salary that is based upon average wages for that type of job in the location where you are employing them. In the application you tell the U.S. government the wage that will be paid and they review it closely against a schedule of wages. There is some ability to fudge the numbers, but not that much and I do not believe nearly enough fudge room to get to a 50% savings.

 

[cardfan]

That's exactly what many said last year when he was on Mad Money... and since? Stock up 60%

That's probably why he went on there again. I only said damage control. But it's effective. Cook isn't on that show to make friends. He's on there to send a message and conduct the orchestra that is the media. Cue 1billion to manufacturing something. It's a cute distraction. It's something to lead the media sideways for a bit til iphone 8 quarter comes along.

 

[S14Drvr]

What about more new emoji and watch bands?! That's what everyone is waiting for...

Your sarcasm makes you sound foolish. Accessories for the watch are essential to its growth, don't be naive. Don't worry you'll get your mac updates this year lol. Everyone loves to complain

 

[whiteboytrash]

That's probably why he went on there again. I only said damage control. But it's effective. Cook isn't on that show to make friends. He's on there to send a message and conduct the orchestra that is the media. Cue 1billion to manufacturing something. It's a cute distraction. It's something to lead the media sideways for a bit til iphone 8 quarter comes along.

This is inane. What is occurring is very natural and normal. Companies post results appear on all sorts of TV show but generally those who concentrate on business related reporting. What would be the alternative? To not announce any upcoming investment plans post earnings call? Should Trump ban all companies from the practice?

Perhaps think about what you write before posting.

 

[Phil in ocala]

Tim Cook is assuming he is the president of USA.

______________________________________________________________________________
I followed Cramer twice....two years ago...he said I would not be an owner of TESLA....I sold at $110...the price today is over $300....then I bought a stock after an interview with ceo of mfg of police video equipment..stock took a nose dive the next day....and the next day and the next day

 

[Tech198]

I'd agree on AI, but if it will "blow me out of the water"... We'll see. What would be good if Apple had their own cloud when it comes to privacy....... or is this "pushed back" ? AI probably got in the way.

 

[whiteboytrash]

______________________________________________________________________________
I followed Cramer twice....two years ago...he said I would not be an owner of TESLA....I sold at $110...the price today is over $300....then I bought a stock after an interview with ceo of mfg of police video equipment..stock took a nose dive the next day....and the next day and the next day

Cramer is infamous for stating the banking & mortgage industries are robust 3 days before the entire financial world imploded. Nevertheless one should never follow one analyst for their stock decisions. You'd need to do a lot more analysis than a TV show.

 

[gnasher729]

They would. There is a tremendous amount of world wide desire to live and work in the U.S. We could "brain drain" the entire world if we wanted to by offering Visas to millions of high skilled folks from other countries.

The entire world except European democracies, where people have very little desire to move to Trumpistan right now.

 

[lkrupp]

Automation has taken over so I guess programming robots and building automation equipment? Sure won't be manufacturing jobs.

It’s politically correct to these days to express concern for ‘manufacturing jobs’ but the truth is they no longer exist and are NEVER coming back. There is absolutely no path back to manufacturing in the U.S. for numerous reasons, only one of which is the cost of labor and labor regulations here. I’m not saying that should change, that we should go back to pre-union days, but it is what it is. Cheap labor and automation have sealed the fate of American manufacturing jobs. You are correct in that highly skilled jobs will remain to program and maintain automated manufacturing line. But the days of an American worker graduating from high school and getting a good paying job at the local stove factory are gone forever. That segment of the workforce has no future. The only option those people have today are low paying service jobs, hence the political movement for artificially higher minimum wages. Those service jobs can also be automated eventually. I don’t know what the solution is but you and I both know what would happen to the cost of an iPhone if Apple or any other hardware manufacturer had to pay $20/hr plus benefits to an American worker. I bought a “Made in America” high quality leather belt the other day. It was $50. The one made in China was half the price. It wasn’t as good but it was good enough.

 

[LeonardXW]

Lol. Boring interview, Steve jobs will never use an interview to promote how the company work. Tim should be replaced anyway.
I watched 2016 interview, he cannot answer questions well, especially asking about innovation pipeline.

 

[5105973]

Can't agree more!! Ahh How much do I miss meeting my friends and loved ones and may be that's why I'm afraid of VR...everything virtual nothing real.

I have a lot of fun with VR and it actually helps a migraine problem I have to use VR on occasion. But right now on the phone, the experience is like trying to see cool stuff while wearing a scuba mask over a burqa. So it's a very truncated form of reality. And often everything is way out of scale. People and houses in VR are usually gigantic. It's only in the games so far that I've seen things more fit to scale.

I have had parties where we wear VR and there's actually a lot of socializing and laughs and fun. My sister-in-law and I tour haunted house games together. That's something I absolutely refuse to do alone. The people watching us have a lot of fun laughing at and commenting on our reactions. So it can be social. You're still very much aware of the people in the room with you and it's fun making them a part of the experience because the wearer of the VR really does look hilarious reacting to stuff and commenting on what they see. We made a video of my mother-in-law using VR that is so funny and something we will treasure forever.

I am trying to imagine how Apple is going to implement VR. So far I've not read any rumors of any partnerships with VR names. Samsung has Oculus and Facebook.

It will be interesting to see what actually does start to come out of the pipeline after everything gets firmly established in the new campus.

 

[dan110]

Tim is blowing smoke again.

Remember when he promised to bring back manufacturing to Austin in 2013 with the redesigned Mac Pro?

http://kut.org/post/apple-manufacturing-its-new-mac-pro-austin

 

[mac_in_tosh]

I remember a time when my nephews spent all day in the bedroom playing video games. Is Apple responsible for that too?

No, the makers of violent video games would be. There are other smart phone manufacturers, so my comment was not just directed toward Apple.

Maybe at least your nephews were interacting with each other through the games, so in that sense similar to playing cards or a board game. My observation about smart phones is that people are more isolated (despite "social" media) just staring into their phones all day, even when they are among other people.

 

[Rogifan]

This is inane. What is occurring is very natural and normal. Companies post results appear on all sorts of TV show but generally those who concentrate on business related reporting. What would be the alternative? To not announce any upcoming investment plans post earnings call? Should Trump ban all companies from the practice?

Perhaps think about what you write before posting.

No he's supposed to go on a show where someone berates him for a half an hour over the Mac Pro.
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No, the makers of violent video games would be. There are other smart phone manufacturers, so my comment was not just directed toward Apple.

Maybe at least your nephews were interacting with each other through the games, so in that sense similar to playing cards or a board game. My observation about smart phones is that people are more isolated (despite "social" media) just staring into their phones all day, even when they are among other people.

I'm not sure what that has to do with Tim Cook appearing on CNBC or announcing a $1B investment in US manufacturing.

 

[Gasu E.]

It was Trumps idea. Tim just (smartly) adopted it. Either way a good idea for.... the US.

Trump invented the idea of creating more manufacturing jobs in the USA? No one ever thought of creating jobs in the USA before Trump?

It's probably more accurate to say "It was Trump's idea to claim credit for other people creating jobs in the USA". If Trump didn't exactly invent that, he certainly has revolutionized the concept.

 

[ACG12]

$1B fund, proudly funded by iPhone 6+ plus owners with touch disease.

 

[vrBrew]

This is better than nothing.