We mean Apple ((Aapl)) CEO Tim Cook, who was directing the good ship Cubino through the troubled tide of the definitions that followed the liberation day on the liberation day of President Trump Trump.
Cook dropped an anchor in the White House on August 6 and joined Trump to announce that Apple was investing $ 100 billion to expand its operations in the United States
“This is an important step towards the ultimate goal of ensuring that the iPhone devices that were sold in the United States of America are also made in America,” Trump said in press conference. “Today’s announcement is one of the largest obligations in what has become among the greatest investment mutations in our nation’s history.”
Apple said in February that it will invest $ 500 billion in the United States over the next four years and employ 20,000 US -based workers.
Tim Cook, CEO of Apple, said the company is grateful to President Trump for his support. Source Source & Colon; Morris & Sol; Bloomberg via Getty Images
The company said at the time that it will build a new manufacturing factory of 250,000 square feet in Houston, which is scheduled to open in 2026, would make servers to develop AII services from Apple.
“This includes new and expanded works with 10 companies across America,” Cook said in a statement. “They produce ingredients – semiconductor chips – are used in Apple products sold all over the world, and we are grateful to the president to support him.”
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Trump also took time to say that he would slap a tariff of about 100 % on imported semiconductors.
“We will put a tariff on about 100 % on chips and semi -conductors, but if you are building in the United States of America, there are no fees, although you are built and not produced yet,” he said.
Trump Cook and Apple criticized the efforts to convert iPhone to India to avoid the definitions planned to manage China.
In May, Trump threatened to impose a 25 % tariff on the iPhone devices that were made outside the United States, where he wrote on the social truth that Cook told that he expected to sell iPhone devices that will be sold in the United States as “made and built in the United States, not India or anywhere else.”
The advertisement has proven to be good news for Apple’s shares, which is 12.2 % this year.
“Apple jumped more than 5 % after the news that increases its capital investments in the United States by $ 100 billion,” said James RC. The last column. “This force compensates for weakness in thousands of smaller stocks.”
Investments aim to bring more Apple supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Program, but it is not a full commitment to building iPhone locally.
The iPhone is the most popular and profitable Apple product because it constantly generates nearly half of the company’s revenues.
Wedbush analyst Dan Evz praised Cook’s efforts to make peace with the White House.
“Cook has moved this unprecedented situation of tariffs, proving that he is 10 % political and 90 % executive and (in it) times like this will use his strong relations worldwide to ensure that it is smoother water for Cobubino forward despite concerns about AAPL growth initiatives with Trump in America’s path first/Sardan.”
It has maintained a rating that excels in performance and the goal of $ 270 on Apple. But he also said that the production of iPhone devices in the United States is still “unrealistic given the cost structure against Asia/India and is still a fictional concept … Apple will invest in MACS and AI and a set of other accidental initiatives, but the main primary iPhone devices are not built in the United States.”
Bank of America’s Bank of Securities, Emsey Mohan and his team, strengthened Apple’s target price by $ 10 to $ 250 with a repeated purchase classification.
The company said: “Given the recent development to increase Apple investments in the United States, it seems likely that many Apple products will be exempt from customs tariffs,” the company said.
He said that Apple has the ability to obtain a smart phone market share in the United States “if competitors are exposed to customs tariffs while iPhone is exempt.”
Although the details are still unclear, B of A, Apple appears to be likely to be exempt from the tariff that has been announced at least 100 % on semiconductors if not completely exempt.
“If the exempt, we believe that the estimates will be a higher review, as Apple led an impact of $ 1.1 billion in the customs tariff for the quarter (the fiscal quarter) after incurring $ 800 million of costs related to tariffs in” the fiscal year Q3, the investment company said.
