Donald Trump tells Tim Cook that Apple should make iPhones in the US
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The President of the USA, Donald Trump, has been voicing some of his thoughts about Apple’s current precarious situation. Trump believes the iPhone-maker should be manufacturing its popular products in the USA rather than using facilities in China. The POTUS did make something of a remarkable claim whilst talking about the issue. Trump was asked if he was concerned about the revenue warning Apple recently released, and this was his response:
No, I'm not. I mean, look, they've gone up a lot. You know, they've gone up hundreds of percent since I'm president [sic]. Apple was at a number that was incredible, and they're going to be fine. Apple is a great company.
Apple’s stock price did go up after Trump became president, but certainly not by “hundreds of percent,” and the price has plummeted lately (NASDAQ: US$148.26). However, the POTUS does seem convinced he has talked the Apple CEO into investing more into his home country and was bullish about what the future for the company could be:
Apple makes their product in China. I told Tim Cook, who's a friend of mine, who I like a lot, ‘Make your product in the United States. Build those big, beautiful plants’ - that go on for miles, it seems – ‘build those plants in the United States. I like that even better.’
Apple has already introduced a number of growth expansion plans based in the US, including a proposed US$1 billion investment for an employee campus in Austin, Texas. The many parts of a typical iPhone device are manufactured at locations around the world, with final assembly taking place at plants in China.
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