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Apple commits $430B in US investments over five years

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Re: Apple commits $430B in US investments over five years

#31

Post by ksec »

>Apple’s $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend — including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry.

I dont like how Apple spin this as investment in the headline, when it is clearly contribution. If you buy something at Walmart, or any of your daily needs, is that an investment in US?

And I dont know how that $430B is calculated.

Direct Spend with American Suppliers are mostly Corning for Front Glasses, Qualcomm for Modem and Patents. These two alone is close to $50B in five years.

Even if Apple spend $10B on Datacenter and $10B on Apple TV ( They dont ), Likely including all their employees salary, Rent for Apple Retail, basically every single dollar spend within US. The numbers still doesn't add up.

It reads to me Apple is doing their PR pieces on their contribution to US because Congress is now looking at them as enemies.

Re: Apple commits $430B in US investments over five years

#32

Post by Daishiman »

perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

Don't forget 4. doing a good PR so that a Dem-controlled Congress doesn't push for repatriation of corporate cash reserves kept in tax havens.

Re: Apple commits $430B in US investments over five years

#33

Post by Traster »

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

Re: Apple commits $430B in US investments over five years

#34

Post by mrweasel »

Daishiman wrote: post #32
perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

Don't forget 4. doing a good PR so that a Dem-controlled Congress doesn't push for repatriation of corporate cash reserves kept in tax havens.

$430B seems like more than you'd need for a good PR stunt.

Re: Apple commits $430B in US investments over five years

#35

Post by tck42 »

tapoxi wrote: post #4

"Oh shit, how do we dodge potential antitrust regulation?"

Right, and also - did they really "commit", at least in the "pledge" or "binding promise" sense of the word? I think "commit" might be too strong of a word. Maybe "plans to" would be better.

They can announce this now and change their mind as they please, right? I'm not sure about Apple's track record on things like this, they may be good, but they could just slowly pull or decrease funding, and we probably won't even hear about it in the future, or am I missing something?

Re: Apple commits $430B in US investments over five years

#36

Post by gowld »

ksec wrote: post #31

>Apple’s $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend — including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. I dont like how Apple spin this as investment in the headline, when it is clearly contribution . If you buy…

That's a standard use of the term "investment" in the macroeconomic sense of exchanging money to get people to do work so they can pay other people to do work for them.

Ita because paying US people for that work is better for the personal development of (otherwise underemployed) US people than paying non-US people.

Re: Apple commits $430B in US investments over five years

#38

Post by imtringued »

I don't care why they are doing this, but it should have happened a long time ago. The cynism here is disappointing.

If companies start investing their money domestically then excess savings will fall, deflationary pressures will be gone and the economy will start growing quickly again and that means wages will grow too.

Re: Apple commits $430B in US investments over five years

#39

Post by tamcap »

Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

NC just announced they will give Apple close to a $1B tax break... (granted, over up to 30 years)

Re: Apple commits $430B in US investments over five years

#40

Post by xwolfi »

comeonseriously wrote: post #11
gjsman-1000 wrote: post #6

Earlier quoted context omitted.

If crazy tax schemes are legal, that's the politicians' fault for not fixing them, not Apple's (who has a duty to shareholders to, you know, not pay more taxes than they have to).

Not attacking you, but I'm so tired of this: "...who has a duty to shareholders to, you know, not pay more taxes than they have to..." Let's make shareholders rich. It'll all trickle down from there...

Rich rich, look I am a small shareholder like millions of other and I just like put 5% of my salary into my company because I like what I see in the inside, every month.

It kept dropping since I started and maybe one day it'll rise but I just enjoy taking some sort of ownership of my own work.

You always want to tax shareholders when a company gets popular in the media but it's hard to reimburse shareholders when the company goes down...

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