Apple (AAPL) said it will build a second corporate campus and hire 20,000 workers in a $350 billion, five-year commitment to the U.S. economy. Apple, the world's biggest company by market capitalization, said Wednesday it will contribute $75 billion of that amount through investments in American manufacturing, planned capital expenditures and what it called a "record" tax payment after it repatriates overseas profits.
AAPL may now be joining its most famous and influential shareholder in again becoming more US-centric. The catalyst: the tax bill. The US has joined most of the rest of the world with a humble tax policy. When AAPL earns money in the EU, or Brazil, it now pays no tax penalty for its foreign subsidiary to pay a dividend to the parent. This money can now go to shareholders, or it can be invested in the US.
Combining new investments and Apple's current pace of spending with domestic suppliers and manufacturers -- an estimated $55 billion for 2018 -- Apple's direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple's ongoing tax payments, the tax revenues generated from employees' wages and the sale of Apple products.
iPhone maker Apple announced today that it is making immense investments in the U.S. economy including building a new campus at an as-yet unnamed location and hiring 4,000 new workers a year for the next five years, many of whom will be employed at existing data centers.
Eye problems, bad posture, carpal tunnel syndrome, social disconnection, depression, insomnia. All of these are symptoms of excessive screen time, and Apple has recently responded to a request by shareholders for the company to address youth screen time issues.
Apple should do more to curb growing smartphone addiction among children, two major investors in the iPhone maker said Monday. In an open letter to the technology giant, New York-based Jana Partners LLC and the California State Teachers’ Retirement System, highlighted increasing concern about the effects of gadgets and social media on youngsters.
Technology giant Apple has confirmed all iPhones, iPads, Mac computers, and even its Apple TV set-top box had been vulnerable to snooping by hackers as part of two widespread computer chip flaws revealed this week. Only the Apple Watch was safe from attack by one of the security flaws, it revealed today, although software fixes had been issued for others.
The world’s most valuable company crammed a lot into the tablespoon-sized volume of an Apple Watch. There’s GPS, a heart-rate sensor, cellular connectivity, and computing resources that not long ago would have filled a desk-dwelling beige box. The wonder gadget doesn’t have a sphygmomanometer for measuring blood pressure or polysomnographic equipment found in a sleep lab—but thanks to machine learning, it might be able to help with their work.
Apple's iPhone X goes on sale Friday, and it's without a doubt one of the most important device launches in the company's history. At a $999 starting price, the flagship device has to impress, and prove that Apple can still innovate. The U.S. technology giant has been criticized at times for not being the market leader when it comes to technology.
While serving as CEO of PepsiCo, John Sculley was recruited by Steve Jobs to become CEO of Apple in 1983. After a disagreement with Jobs over business strategy in which the Apple board sided with Sculley, Jobs was fired while Sculley continued at the helm of Apple until 1993. Since then, Sculley has co-founded or invested in technology-focused companies in many industries, including media marketing, financial services and health care.