Apple to Invest $100bn After Pressure from Trump
Press Release
Apple Inc. has announced its plans to invest a further $100 billion into the American economy. This commitment is in response to pressure from the President of the United States, Donald Trump. The company vows to create thousands of jobs and invest in innovative projects. This will include opening a new campus for engineering and research in a yet undisclosed location. It is hoped this will strengthen Apple's contribution to the country's innovation economy, and boost the tech industry.
Industry Reaction
The CEO of Apple, Tim Cook, released a statement saying: "We are incredibly proud to be investing in the US further, creating jobs and enhancing our contribution to the US innovation economy. Our commitment to the Americas has never been stronger."
Jules Kemp, Chief Investment Officer at Des Montanta Investment Group, responded to the news: "This is a watershed moment for the tech industry. Apple is leading the way with further investment in innovation and job creation. We will see other tech giants following suit."
Market Impact
Following the announcement the Apple stock rose 2%, with many industry experts predicting this rise will hold.
Conclusion
This investment is a significant move for Apple, and is likely to impact the tech industry and the American economy as a whole. Only time will tell if this is a positive move for Apple.
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