So.. 0.3% of their cash pile?
I had the same thought. It's outlandish that a $1B investment in anything could be viewed as insignificant.
It makes me wonder.. how much Apple invest in China currently?
Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
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Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#12So.. 0.3% of their cash pile?
I had the same thought. It's outlandish that a $1B investment in anything could be viewed as insignificant.
Viewing the investment as insignificant because the investor has more money is a seriously foolish perspective that ought to be fought against instead of expressed
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#13It's so incredibly obvious that the best course of action is to let all these companies bring home all those foreign revenues so long as a significant portion of it is reinvested in the US is a reasonable period of time, excluding investments in financial instruments (stocks and bonds) and non-productive assets like land.
Any money that is stuck abroad will be reinvested abroad, making foreign economies more competitive relative to the US economy. Anyone arguing for taxing profits from abroad heavily I can only assume has a very poor understanding of macroeconomics.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#14Anyone else find it odd that all these headlines states only how much these companies are going to spend on manufacturing, but none of them say what they're actually going to be making?
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#15I assume since you used the word, you know what it means - what the fuck is globalism? I know what glottalization is, as a concept, a trend, and all of the debates surrounding it for the past four decades, but what the fuck is globalism?
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#16> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…
American labor was fucked anyways, Globalism only accelerated trends that would have happened anyhow. From a long term perspective, its absolutely amazing that the US has managed to export all the factory level jobs to other countries and yet managed to keep the better paying jobs back here in the states. The current lack of (low skilled) jobs in manufacturing has made it clear to those Americans willing to listen: they (or their children) need to acquire those skills that make them employable in the 21st century, and those do not include low-skilled factory jobs. The next generation will be better prepared and I predict the US will continue as a global technological powerhouse (unless it gets fucked by Trumpism and populism of course).
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#17Trump spoke to Tim Cook last night
While I don't doubt Trump will rush to claim credit, Apple has been looking at ways it can hedge against China and get "Made in America" gravitas for a long time, and steadily experimenting on that front with things like the Mac Pro.
it was a joke, i thought people would have like that.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#18It's so incredibly obvious that the best course of action is to let all these companies bring home all those foreign revenues so long as a significant portion of it is reinvested in the US is a reasonable period of time, excluding investments in financial instruments (stocks and bonds) and non-productive assets like land. Any money that is stuck abroad will be reinvested abroad, making foreign economies more competit…
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Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#19> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…
It's not just the financial interests. It's also the public as a whole - the pushing of a college education (seemingly regardless of quality) for everyone, and the general social devaluing of any sort of trade-like work. I don't really know where that sentiment originates from though.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#20So.. 0.3% of their cash pile?
I had the same thought. It's outlandish that a $1B investment in anything could be viewed as insignificant.
It's enough to impress Trump and keep Apple off his radar for the time being. In terms of Apple's balance sheets, it's found sofa change with a huge ROI.