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Posted by: thepinetree on 01/17/2018 01:34 PM Updated by: thepinetree on 01/17/2018 01:34 PM
Expires: 01/01/2023 12:00 AM
:

Apple To Contribute $350 Billion to US Economy Over Next Five Years

Cupertino, CA...Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store. Apple is already responsible for creating and supporting over 2 million jobs across the United States and expects to generate even more jobs as a result of the initiatives being announced today.




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.

Planned capital expenditures in the US, investments in American manufacturing over five years and a record tax payment upon repatriation of overseas profits will account for approximately $75 billion of Apple’s direct contribution.

“Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,” said Tim Cook, Apple’s CEO. “We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”
Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.

Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018.

Growing Apple’s US Operations
Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states.

The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year.

Over $10 billion of Apple’s expanded capital expenditures will be investments in data centers across the US. Over the last decade, Apple has invested billions of dollars in data centers and co-located facilities in seven US states, including North Carolina, Oregon, Nevada, Arizona and a recently announced project in Iowa.

Today, Apple is breaking ground on a new facility in downtown Reno, which will support its existing Nevada facilities.
All of Apple’s US facilities, including offices, retail stores and data centers, are powered by 100 percent renewable energy sources like solar, wind and micro-hydro power, which Apple generates or purchases from local projects. The new campus announced today will also be powered entirely by green energy.

Investing in Apple’s Domestic Suppliers and Manufacturing Partners

Workers at a factory in Texas that manufactures vertical-cavity surface-emitting lasers (VCSELs), empowering Face ID, Animoji and other iPhone X features.

Building on the initial success of the Advanced Manufacturing Fund announced last spring, Apple is increasing the size of the fund from $1 billion to $5 billion. The fund was established to support innovation among American manufacturers and help others establish a presence in the US. It is already backing projects with leading manufacturers in Kentucky and rural Texas.
Apple works with over 9,000 American suppliers — large and small businesses in all 50 states — and each of Apple’s core products relies on parts or materials made in the US or provided by US-based suppliers.

Preparing Students for the App Economy

Students learn to code with Swift, a simple and fast open source coding language for apps that run on iOS, macOS, watchOS and tvOS.

Apple, which has a 40-year history in education, also plans to accelerate its efforts across the US in support of coding education as well as programs focused on Science, Technology, Engineering, Arts and Math (STEAM).
The iOS app economy has created more than 1.6 million jobs in the US and generated $5 billion in revenue for American app developers in 2017. With demand for coding skills stronger than ever, today there are more than 500,000 unfilled programming-related positions across the country, and the US Bureau of Labor Statistics predicts that by 2020 there will be 1.4 million more software development jobs than applicants qualified to fill them.1
To address the coding skills gap and help prepare more people for jobs in software development, Apple created a powerful yet easy-to-learn coding language called Swift, the free Swift Playgrounds app and a free curriculum, App Development with Swift, which are available to anyone and are already being used by millions of students at K-12 schools, summer camps and leading community colleges across the country. Over 100,000 students and teachers have also attended coding classes at Apple retail stores.

Apple will expand these initiatives and add new programs to support teachers and teacher training. The company is also increasing funding for its ConnectED program, so students in historically underserved communities have a chance to learn app coding skills and enjoy other benefits of technology in the classroom.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2018-01-17 14:12:22   By: Anonymous
 
Thank you President Trump for bringing jobs back to the United States. It is time to "Make America Great Again."

[Reply ]

    Re:
    Posted on: 2018-01-17 14:56:16   By: Anonymous
     


    [Reply ]

      Re: Pres Orange Turd
      Posted on: 2018-01-17 15:59:08   By: Anonymous
       
      Trumps mouth is constantly being mistaken for his orange *bleep*hole

      [Reply ]

        No Subject
        Posted on: 2018-01-17 16:05:57   By: Anonymous
         


        [Reply ]

          No Subject
          Posted on: 2018-01-17 16:10:17   By: Anonymous
           


          [Reply ]

            TRUMP IS A RACIST
            Posted on: 2018-01-17 16:12:32   By: Anonymous
              Edited By: thepinetree
            On: 2018-01-17 21:06:24


            [Reply ]

              Re: Making America GREAT Again!
              Posted on: 2018-01-18 10:46:19   By: Anonymous
               
              You whining idiots must have heads full of barncarpeting.
              President Trump is responsible for one of the greatest economic booms in American history. Creating Jobs, creating revenue, a Booming Stock Market and putting money in peoples pockets with his new Tax regulations.
              President Trump just keeps on winning and so does America.
              This is a wonderful change after eight years of defeatist policies by an incompetent affirmative-action president fumbling at on the job training.

              Thank You President Trump for Making America Great Again!

              [Reply ]

                Re: Making America GREAT Again!
                Posted on: 2018-01-18 10:48:45   By: Anonymous
                 
                Dow Jones closed over 26,000 for first time ever. Mr. Trump is an absolute genius. We are so fortunate to have him guide our country through these “dark” times.

                [Reply ]

                  Re: Making America GREAT Again!
                  Posted on: 2018-01-18 10:52:43   By: Anonymous
                   
                  U.S. Jobless Claims Plunge to Lowest Weekly Tally Since 1973
                  By Katia Dmitrieva 18 Jan 2018

                  U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.

                  The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find workers to fill positions, particularly in manufacturing and construction, as cited in some anecdotes for the Federal Reserve’s Beige Book released Wednesday.

                  The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further. The latest week for claims includes the 12th of the month, which is the reference period for the Labor Department’s monthly employment surveys.
                  $$$$$$$$$$$$$$$$$$$$$$$$$$$>>>>>>>>>>

                  Thank you President Trump for Making America Great Again!

                  [Reply ]

                    Re: Making America GREAT Again!
                    Posted on: 2018-01-18 19:22:09   By: Anonymous
                     
                    President Trump just Keeps On Winning!! ... And so do Americans.

                    Read about more Winning by President Trump and US. $$$$$$$$!!!

                    Jobless Claims Hit 45 Year Low, GDP Looks Strong, Manufacturing Growth Powers Forward
                    by JOHN CARNEY 18 Jan 2018

                    The U.S. economy keeps churning up new signals of sustained strength.
                    Jobless Claims.
                    Filing for unemployment benefits fell to the lowest level in almost 45 years, Labor Department figures showed Thursday.

                    Jobless claims fell by 41,000 to 220,000, far below the 249,000 expected by economists.
                    That’s the lowest level since 1973.
                    It’s likely that the official unemployment rate, already very low at 4.1 percent, could fall even further.

                    Fourth Quarter GDP Looks Stronger.
                    The Atlanta Fed’s latest forecast for gross domestic product, a broad measure of economic output, rose Thursday to 3.4 percent. It was boosted by the Fed’s release of industrial production figures a day earlier. The New York Fed’s forecast, due to be updated Friday, stands at 3.9 percent.

                    Manufacturing Growth Still Strong.
                    The Philadelphia Fed’s survey of manufacturing business showed that this sector continues to grow in January, although a few measures slipped below the very strong figures for December. Businesses reported an increase in manufacturing employment overall, with 24 percent saying they hired more workers and just eight percent saying they employed fewer. The average workweek also increased, indicating increased activity among those employed in manufacturing.

                    The outlook for the future looks strong.
                    Seventy-two percent of firms reported that they expect an increase in underlying demand in the first quarter of this year, with 12 percent saying the increase would be significant. Nearly 70 percent expect to increase production.

                    Making America Great Again!!


                    [Reply ]

            Re: Pres Orange Turd
            Posted on: 2018-01-17 18:05:54   By: Anonymous
             
            Blank poster is a Fag

            [Reply ]

            Re: Pres Orange Turd
            Posted on: 2018-01-17 18:31:54   By: Anonymous
             
            What a bunch of whiners , get over it , we finally have a real president !A big thanks to President Trump !!!!!!!!!

            [Reply ]

            Re: Pres Orange Turd
            Posted on: 2018-01-17 22:12:38   By: Anonymous
             
            TRUMPS A RACIST AND EVERYBODY KNOWS IT











































































































































































































































































































































































































































































































































            [Reply ]

          TRUMP IS A SHITHOLE and a Racist
          Posted on: 2018-01-17 22:13:47   By: Anonymous
           
          TRUMPS A RACIST AND EVERYBODY KNOWS IT

























































































































































































































          [Reply ]

        Re: Making America GREAT Again!
        Posted on: 2018-01-17 16:06:17   By: Anonymous
         
        You two whining idiots must have heads full of barncarpeting.
        President Trump is responsible for one of the greatest economic booms in American history. Creating Jobs, creating revenue, a Booming Stock Market and putting money in peoples pockets with his new Tax regulations.
        President Trump just keeps on winning and so does America.
        This is a wonderful change after eight years of defeatist policies by an incompetent affirmative-action president fumbling at on the job training.

        Thank You President Trump for Making America Great Again!

        [Reply ]

          TRUMP IS A SHITHOLE and a Racist
          Posted on: 2018-01-17 16:09:27   By: Anonymous
           

          TRUMPS A RACIST

          AND EVERYBODY KNOWS IT

          [Reply ]

          Re: Making America GREAT Again!
          Posted on: 2018-01-17 17:49:03   By: Anonymous
           
          Thank You President Trump , as for the ... I have issues with my sexuality!

          [Reply ]

            Re: Making America GREAT Again!
            Posted on: 2018-01-17 23:04:07   By: Anonymous
             
            Chicken, corn, green peppers, chili....sigh onions..

            [Reply ]

        Re: Pres Orange Turd
        Posted on: 2018-01-17 16:07:31   By: Anonymous
         
        Dow Jones closed over 26,000 for first time ever. Mr. Trump is an absolute genius. We are so fortunate to have him guide our country through these “dark” times.

        [Reply ]

      US
      Posted on: 2018-01-18 07:11:20   By: Anonymous
       
      I'm noticing that a lot of people aren't graciously accepting the fact that their candidate lost.

      In fact you seem to be posting even more hateful things about those who voted for Trump.

      Some are apparently "triggered" because they are posting how "sick" you feel about the results.

      How did this happen you ask? Well here is how it happened!

      You created "us" when you attacked our freedom of speech.

      You created "us" when you attacked our right to bear arms.

      You created "us" when you attacked our Christian beliefs.

      You created "us" when you constantly referred to us as racists.

      You created "us" when you constantly called us xenophobic.

      You created "us" when you told us to get on board or get out of the way.

      You created "us" when you attacked our flag

      You created "us" when you took God out of our schools.

      You created "us" when you confused women's rights with feminism.

      You created "us" when you began to emasculate men.

      You created "us" when you decided to make our children soft.

      You created "us" when you decided to vote for progressive ideals.

      You created "us" when you attacked our way of life.

      You created "us" when you decided to let our government get out of control.

      You created "us" the silent majority

      You created "us" when you began murdering innocent law enforcement officers.

      You created "us" when you lied and said we could keep our insurance plans and our doctors

      You created "us" when you allowed our jobs to continue to leave our country.

      You created "us" when you took a knee, or stayed seated or didn't remove your hat during our National Anthem.

      You created "us" when you forced us to buy health care and then financially penalized us for not participating.

      And we became fed up and we pushed back and spoke up.
      And we did it with ballots, not bullets.
      With ballots, not riots.
      With ballots, not looting.
      With ballots, not blocking traffic.
      With ballots, not fires, except the one you started inside of "us"

      "YOU" created "US".


      [Reply ]

    Re:
    Posted on: 2018-01-17 15:13:00   By: Anonymous
     
    I had no idea that Trump was the CEO or CFO of APPLE...

    [Reply ]

      Re: trumps a shithole
      Posted on: 2018-01-17 15:56:49   By: Anonymous
       
      I'll bet Calaveras County will get a lot of these jobs. Yeea right.

      [Reply ]

    Re:
    Posted on: 2018-01-17 17:14:51   By: Anonymous
     
    Wrong again. These jobs were the vision of Apple founder Steve Jobs. Also a success story that could only have happened in Silicon Valley, CA where the best and brightest come from all over the world. As a matter of fact, I’m down here on business and pleasure today!


    [Reply ]

    Re:
    Posted on: 2018-01-17 18:20:06   By: Anonymous
     
    Trump making America Great Again after Obuma dragged it down. The liberals are still sucking there thumbs and crying Why Hillary Why

    [Reply ]

    Re:
    Posted on: 2018-01-18 07:08:44   By: Anonymous
     
    Exactly! Lower taxes have returned jobs to America! This puts money in American's pockets! Thanks Trump!

    [Reply ]

No Subject
Posted on: 2018-01-17 15:45:27   By: Anonymous
 
I will definitely get a laugh of Trump trying to take credit for this!

[Reply ]

    Re: TRUMP IS A RACIST
    Posted on: 2018-01-17 15:57:50   By: Anonymous
     
    AND DON'T FORGET:

    TRUMPS A RACIST

    [Reply ]

      Re: TRUMP IS A RACIST
      Posted on: 2018-01-17 15:59:59   By: Anonymous
       
      AND EVERYBODY KNOWS IT

      [Reply ]

        Re: TRUMP IS A RACIST
        Posted on: 2018-01-17 16:07:51   By: Anonymous
         
        Okay Billy Bendover !!

        [Reply ]

No Subject
Posted on: 2018-01-17 15:53:55   By: Anonymous
 
Thank Trump that America is back to manufacturing sparks. Dont buy those inferior imported sparks

[Reply ]

    Re: TRUMP IS A SHITHOLE and a Racist
    Posted on: 2018-01-17 16:07:53   By: Anonymous
     
    TRUMPS A RACIST

    [Reply ]

      Re: TRUMP IS A SHITHOLE and a Racist
      Posted on: 2018-01-17 16:11:36   By: Anonymous
       
      Some residents of Arnold are RACISTS!

      [Reply ]

        Re: TRUMP IS A SHITHOLE and a Racist
        Posted on: 2018-01-17 16:35:54   By: Anonymous
         
        so take poison or get over it.

        [Reply ]

        HAHAHAHAHAHAHAHA!
        Posted on: 2018-01-17 18:22:32   By: Anonymous
         
        HAHAHAHAHAHAHAHAHA!!! LYING, CHEATING, CROOKED HILLARY!!! HAHAHAHAHAHAHAHAHA!!!


        [Reply ]

        Re: TRUMP IS A SHITHOLE and a Racist
        Posted on: 2018-01-17 23:05:27   By: Anonymous
         
        Some residents of Arnold are RAISINS!


        [Reply ]

      Re: TRUMP IS A SHITHOLE and a Racist
      Posted on: 2018-01-17 17:06:36   By: Anonymous
       
      He might be, but was elected as POTUS. What's that tell you about the majority of voters. I stand behind Trump. MAKE AMERICA GREAT AGAIN.........like it was back in the fifties.

      [Reply ]

No Subject
Posted on: 2018-01-17 17:36:26   By: Anonymous
 
And don't forget there were no commercial airplane crashes in 2017 and Trump took credit for that. The man is a genius.......at taking credit for things that were set in motion by others.

I'm getting in ahead of him on this: The sun will come up tomorrow morning. I am responsible for that and am doing that for you. MAKING AMERICA LIGHT AGAIN!!!

Vote for me. And bring me another porn actress.

[Reply ]

TRUMP IS A SHITHOLE and a Racist
Posted on: 2018-01-17 19:23:45   By: Anonymous
 
TRUMPS A RACIST

SUPPORTING TRUMP IS SUPPORTING RACISM




[Reply ]


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