Posted on Jan 17, 2018
Appleannounces plans to repatriate billions in overseas cash, says it will 'contribute' $350...
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Posted 7 y ago
Responses: 3
Why are we spinning? Doesn't matter to me, Apple is the epitome of tech corporate greed and their designs are less functional since Steve Jobs died. Apple products don't enjoy the same level of status that they use to. Unless they step up their techie game, the price increases will kill the company.
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I think that $350B is wrong, WSJ reporting "The tech giant said Wednesday it plans $30 billion in capital spending in the U.S. over five years that will create more than 20,000 new jobs. It didn’t specify how much of that spending was already planned, but said the total will include building a new facility that initially will house customer-service operations, and $10 billion toward data centers across the country. Apple also is expanding from $1 billion to $5 billion a fund it established last year for investing in advanced manufacturing in the U.S." No mention of any $350B.
Still, $30B is nothing to sneeze at, and due to the tax reform...
Still, $30B is nothing to sneeze at, and due to the tax reform...
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LTC (Join to see)
I just Googled : Apple 350 and there are numerous links. https://www.google.com/amp/s/http://www.washingtonpost.com/amphtml/news/the-switch/wp/2018/01/17/apple-to-open-new-u-s-campus-pledges-to-bring-350-billion-and-20000-jobs-to-the-u-s-within-next-five-years/
Apple pledges to spend $350 billion and bring 20,000 jobs to the U.S. within next five years
The announcement comes after recent corporate tax changes and a greater push to increase manufacturing in the U.S.
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Too little, too late, imo. They already have my eternal distaste for their corporate thuggery and arrogance. Still, I appreciate that this is good for the Americans it will effect.
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