Wait, no investment in Miami ? Reading tech twitter, folks already claimed Miami to be the next tech hub
Apple commits $430B in US investments over five years
151–160 of 265 posts
Re: Apple commits $430B in US investments over five years
#152Earlier quoted context omitted.
Why investments should be like charitable act? Investments are suppose to be win-win, because they are investments, not handing out money ... Also, it is a very low level misconception that paying local taxes is how you contributing to the local community. No. Investing is already contributing to the local community. The business will build campus there, and hire people there, and also increase other local businesses…
You've just described trickle down economics but for society. Companies are more than welcome to make themselves at home iff they pay their dues, and should not be welcome if they don't.
This comment touches a personal nerve with me. I am not against it, but I have seen it so many times traveling in developing countries in South Asia and Southeast Asia. When (South) Korean and Japanese companies invest in a developing economy, it is with head, heart, and wallet. They go 100%. How many times have a seen Korean or Japanese business people on a local flight study local language from a book or try to practice local language with staff? Too many to count! I makes me proud, and I am neither Korea nor Japanese. This is how it should be. And, (for the most part), they are welcomed by communities. To be fair: I feel the same about Volkswagon's recent commitment to Rwanda to build their first plant in Africa. I am suspicious of UK/US/AUS/China firms that show up with the "resource extraction" mindset. Five or ten years later, there are terrible environment consequences or social unrest. Almost never, do I see that with (South) Korean or Japanese firms. (Yes, I have seen it first hand in SA/SEA developing nations.)
Re: Apple commits $430B in US investments over five years
#153Earlier quoted context omitted.
4. Apple was planning to do these things anyway as part of normal operations, and is just spinning them as "investment in the country"
Yep, all tech companies have seen the writing on the wall for overconcentrating their operations in California. People in general have become more and more hesitant to move there for a wide platitude of reasons from absurd cost of living to issues such as mass wildfires. They've realized that perhaps, just perhaps, they could afford to have more than one large corporate campus at their scale of fuck you money. Which…
Apple already has a large campus in Austin that dwarfs a lot of companies and a second under construction. They might not be quite Spaceship in terms of unique design but they exist.
Being solely located in one of the most expensive areas in the United States does seem a bit absurd if you can avoid it. Based on Cook's statements about returning to the office, it seems like they value being physically proximate more than the immense savings that moving the workers who could be remote to remote.
Re: Apple commits $430B in US investments over five years
#154Earlier quoted context omitted.
Comments like this are evidence that HN is turning into Reddit.
Why do you think this is happening? I've noticed a recent decline, but people have been saying this place isn't what it used to be for years. I've been attributing it to a change in myself. I wonder if you could do some analytics on comments and measure whether things have actually gotten worse. Finding a metric might be difficult. I suppose you could measure what percent of comments are from newer users over time, w…
> Why do you think this is happening? I've noticed a recent decline, but people have been saying this place isn't what it used to be for years. I've been attributing it to a change in myself.
I would say users likes anon_tor_12345 are more of an exception on the HN but they are they rule on reddit.
> I wonder if you could do some analytics on comments and measure whether things have actually gotten worse.
HN is really good at flagging bad actors. Curious to see what % of posts get flagged and compared to historical trends to see if things are really declining.
Re: Apple commits $430B in US investments over five years
#155Wait, no investment in Miami ? Reading tech twitter, folks already claimed Miami to be the next tech hub
Here, I'll quote it for you: "Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon."
Re: Apple commits $430B in US investments over five years
#156Earlier quoted context omitted.
> why it should come back to the US They are a US company, reaping the tax benefits of that nexus. If they'd been an EU company, they would have paid a lot more in various taxes (including higher wage taxes) over the last 40 years. IOW, they would not be as wealthy a company today.
The US is one of the only countries that taxs worldwide income.
That is true now but has not been true for all of the last 40 years that Apple has been in business. And you're ignoring wage taxes and employee benefits, which are significantly higher in some other nations.
Re: Apple commits $430B in US investments over five years
#157Earlier quoted context omitted.
I am confused by this comment. "[M]any trillion dollars of money printed recently" -- are you talking about the US Federal Reserve? That isn't money printing; it is quantitative easing -- now also practiced by European Central Bank, Bank of Japan, and Bank of England. It does not cause inflation. If anything, weirdly, it appears to cause deflation. Money printing is Weimar Republic (~1920s) or Zimbabwe (2000-2010). I…
Yes - we do and are seeing rapid inflation. We see rapid asset inflation across the board. Check recent commodity prices across copper, lumber, food, water etc. Everything has been rising dramatically during the period that the world has been practicing what you call 'Quantitative easing'. Inflation isn't just related to Forex if all the worlds currency's are inflating, albet just maybe faster than the USD. And the o…
> Yes - we do and are seeing rapid inflation.
No, we aren’t.
> We see rapid asset inflation across the board.
“Inflation”, without modifiers, refers to consumer price inflation (final goods and services). Asset inflation is a different thing, as is monetary inflation. Monetary inflation can contribute to both asset inflation and consumer price inflation, but those two outcomes are somewhat in tension; asset inflation isn’t pent up potential for consumer price inflation, but an explanation for why consumer price inflation isn’t happening and isn’t likely to happen without change in the fundamental economic processes.
Specifically, monetary inflation driving asset inflation but not consumer price inflation is a sign that the money is going to people is marginal use of additional access to money is to invest rather than spend, absent changing the distribution, the outcomes aren’t going to change.
Re: Apple commits $430B in US investments over five years
#158Earlier quoted context omitted.
I am confused by this comment. "[M]any trillion dollars of money printed recently" -- are you talking about the US Federal Reserve? That isn't money printing; it is quantitative easing -- now also practiced by European Central Bank, Bank of Japan, and Bank of England. It does not cause inflation. If anything, weirdly, it appears to cause deflation. Money printing is Weimar Republic (~1920s) or Zimbabwe (2000-2010). I…
Yes - we do and are seeing rapid inflation. We see rapid asset inflation across the board. Check recent commodity prices across copper, lumber, food, water etc. Everything has been rising dramatically during the period that the world has been practicing what you call 'Quantitative easing'. Inflation isn't just related to Forex if all the worlds currency's are inflating, albet just maybe faster than the USD. And the o…
This. peoples see that the prices of a dozen of eggs or meals don't go up and say: "No inflation! See!". All this while all assets are getting more expensive, the prices of housing, healthcare, education, retirement and even top of the line electronics (flagship iPhone price now vs 10 years ago) are getting more expensive.
Re: Apple commits $430B in US investments over five years
#159Earlier quoted context omitted.
Yes - we do and are seeing rapid inflation. We see rapid asset inflation across the board. Check recent commodity prices across copper, lumber, food, water etc. Everything has been rising dramatically during the period that the world has been practicing what you call 'Quantitative easing'. Inflation isn't just related to Forex if all the worlds currency's are inflating, albet just maybe faster than the USD. And the o…
> Yes - we do and are seeing rapid inflation. No, we aren’t. > We see rapid asset inflation across the board. “Inflation”, without modifiers, refers to consumer price inflation (final goods and services). Asset inflation is a different thing, as is monetary inflation. Monetary inflation can contribute to both asset inflation and consumer price inflation, but those two outcomes are somewhat in tension; asset inflation…
have you seen the prices of housing, healthcare, childcare, education and retirement for over the last 5 years?
Re: Apple commits $430B in US investments over five years
#160Reading between the lines, anyone else seeing an inhouse FAB! In the name of vertical integration, that is the last thing they need to consolidate after M1. Imagine Processor, Graphics, Modem, Baseband, Power Control all chips designed inhouse and manufactured on own FAB. ;)
I doubt they have the scale to make owning a fab worthwhile. Certainly, unless they branch out into selling more mundane chips, they would have a problem using the capacity in their fabs for their own chips once those fabs get older.
How is owning a fab not worthwhile for a company that produces billions of devices each containing multiple chips?
Sure you can make the arguments against vertical integration, but to "doubt they have the scale" when speaking of the most valuable company in the world, with a product in the hands of billions? If Apple doesn't have the scale, then who does?