Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The stream was scheduled to start at 16:30 et. CNBC television will start the flow when the event begins. Please update the page if you don’t see the player above.
Apple CEO Tim Cook Join the president Donald Trump In the Oval Office on Wednesday for a company update upgrade to a company upgrade invest in American production.
A iPhone Maker will increase its previous investments in the US, made in February from $ 500 billion to $ 600 billion over the next four years, the company said.
The company also announced a new product An effort called the American Production Program, the official said.
The Apple shares increased by 5%during the trading on Wednesday.
Over the last year, Cook had ambiguous relationships with Trump. While Trump praised Apple CEO in the past, in recent months he said he had a “problem” from the executive and pushed Apple to collect it iPhones In the US, not in China or India.
Apple faces more than $ 1 billion in expenditure this quarter With -with Trump tariffs About imports, primarily related to China. In addition, Cook reminded investors during the salary on August 31, that the “vast majority” will be subject to new tariffs under Section 232, a kind of fares on semiconductors, which, according to the company, will enter the company.
“We are obviously trying to optimize our supply chain, and we will eventually do more in the US,” Cook said.
Apple YTD -Graphic.
