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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.

Apple, Campus, China
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”.

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“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 Gaint Apple Acquires AI-Based Platform To Improve its Virtual Assistant Siri

This is the second acquisition from Apple this week as it also acquired weather app Dark Sky

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Apple
The Cupertino-based tech giant is expected to use Voysis' technology to improve its virtual assistant Siri and the financial details of the deal has not been disclosed yet, The Irish Times reported late Friday. Pixabay

Apple has acquired Dublin-based startup Voysis, a conversational artificial intelligence (AI) platform that enables third parties to integrate high quality voice and natural language capabilities into their products.

The Cupertino-based tech giant is expected to use Voysis’ technology to improve its virtual assistant Siri and the financial details of the deal has not been disclosed yet, The Irish Times reported late Friday.

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“At Voysis, we believe voice will soon be the first point of contact between ‘man’ and machine. We believe that voice driven natural language interfaces will change the way people interact with consumer and enterprise facing applications by creating more intuitive, efficient, and personalized experiences,” according to the company’s LinkedIn bio.

Apple
Apple has acquired Dublin-based startup Voysis, a conversational artificial intelligence (AI) platform that enables third parties to integrate high quality voice and natural language capabilities into their products. Pixabay

Voysis was founded in 2012 by Peter Cahill and Noel Ruane. The company is headquartered in Dublin, Leinster, Ireland, with additional office in Edinburgh, Scotland and Boston, Massachusetts.

The company has developed voice recognition platform driven by natural language instructions and search capabilities that is extremely good at recognising and responding to voice commands from users.

ALSO READ: Larger Thigh-Circumference May Reduce Risk of Heart Disease in Obese People: Study

This is the second acquisition from Apple this week as it also acquired weather app Dark Sky. (IANS)