Donald Trump tells Tim Cook that Apple should make iPhones in the US
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.