Apple's $600 Billion U.S. Investment Could Reshape Its Future
's (NASDAQ: AAPL) decision to increase its U.S. investment by $100 billion -- bringing its total recent commitment to $600 billion in the next four years -- comes at a critical time for the iPhone maker. But it could be a net positive as the company looks for ways to increase its sales and grow on the momentum of its promising fiscal third-quarter earnings report.
Apple and President Donald Trump made the announcement on Wednesday, Aug. 6, which is the same day that the White House announced a series of new tariffs against dozens of countries to take effect on Thursday. Tariffs have been a concern for Apple stock because the company makes most of its celebrated iPhones in China. While it had made plans to move some production to India, Trump has loudly proclaimed that he wants iPhone manufacturing to be in the U.S. instead.
The announcement falls short of actually building smartphones in the U.S., but it does include concrete plans and partnerships to manufacture several components used in iPhones domestically. Through the creation of Apple's American Manufacturing Program, the company is bringing more supply chain and advanced manufacturing resources to the U.S.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 108 Buy predictions and 12 Sell predictions.
At the moment Apple Inc. has reached the predicted target price of 235 €, with a current price of 233.4 €.
