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Apple Spent $60 bn Supporting More Than 450,000 Jobs in US

In a letter to investors, Cook had acknowledged that the revenue shortfall in its guidance was partly due to China's trade tensions with the US. The slowdown in the Chinese economy also impacted its revenue, he said.

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The Apple logo is shown outside the company's Worldwide Developers Conference in San Francisco, California. VOA

Apple spent $60 billion last year with 9,000 American component suppliers and companies, an increase of more than 10 per cent from the year before — supporting more than 450,000 jobs.

“Since 2011, the total number of jobs created and supported by Apple in the US has more than tripled — from almost 600,000 to 2 million across all 50 states,” the company said in a statement as it readied to announce the results of its first quarter of fiscal 2019 on Tuesday.

Just over a year ago, component manufacturer Finisar was awarded $390 million from Apple’s Advanced Manufacturing Fund.

To expand production of a critical part of the “TrueDepth” camera system, introduced with iPhone X, Finisar turned an unoccupied building in Sherman, Texas into a bustling operation full of people who will supply that future business, said Apple.

Since 2011, the total number of jobs created and supported by Apple in the US has more than tripled — from almost 600,000 to 2 million across all 50 states, the company informed.

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A customer is entering the Apple store in Fairfax, Virginia. VOA

Apple on January 2 revised down its expected revenues from $89 billion to $84 billion for the first quarter of fiscal 2019.

Apple shares fell after it lowered its revenue estimate and President Donald Trump said he was not bothered about the tech giant’s concerns.

Trump said that China was the biggest beneficiary of Apple, more than the US “because they build their product mostly in China”.

Also Read- Beware Of Your Personal Data Stored Online

“I told (Apple CEO) Tim Cook, who’s a friend of mine, who I like a lot, make your product in the US,” the President had said.

In a letter to investors, Cook had acknowledged that the revenue shortfall in its guidance was partly due to China’s trade tensions with the US. The slowdown in the Chinese economy also impacted its revenue, he said. (IANS)

Next Story

Tech Giant Apple Solves Location Privacy Issue with iPhone 11 in 2nd iOS 13.3.1 Beta

After giving an unsatisfactory answer, Apple had said in December that it would bring a dedicated toggle in location services to allow customers to completely turn off the feature

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An Apple company logo is seen behind tree branches outside an Apple store in Beijing, Dec. 14, 2018. VOA

The second beta version of Apple’s iOS 13.3.1, released earlier this month, now includes a toggle for disabling the Ultra Wideband chip in the device. This comes after privacy issue reports around the iPhone 11 and 11 Pro that they still tracked location data even when users had turned off location services.

When that led to more questions and debates, the iPhone maker stated the behaviour was due to the fact the UWB chip in the new iPhones isn’t approved broadly around the world, so the iPhone 11 uses location services to check if UWB can be used or not, 9to5Mac reported on Friday.

Also Read: Elon Musk Aims to Send 10 Lakh People to Mars by Year 2050

“We do not see any actual security implications,” an Apple engineer was earlier quoted as saying by KrebsOnSecurity.

“It is expected behaviour that the Location Services icon appears in the status bar when Location Services is enabled. The icon appears for system services that do not have a switch in Settings.”

After giving an unsatisfactory answer, Apple had said in December that it would bring a dedicated toggle in location services to allow customers to completely turn off the feature. (IANS)