Saturday December 14, 2019
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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”.

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

2020 5G iPhone Won’t Get a Major Price Increase

While, two low-end models (6.1-inch, 5.4-inch) will not have mmWave or World facing 3D sensing, and will have a dual-lens camera

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Entry of Apple into the 5G race in the third quarter of 2020 will catapult the iPhone maker to top position, ahead of Samsung and Huawei, a new report has predicted. Pixabay

Noted analyst Ming-Chi Kuo has claimed that Apple may launch four 5G-enabled iPhones next year and while 5G-related components could raise the production costs of the devices, he believes that the iPhone maker will not significantly increase the price of 5G iPhones.

5G components are projected to raise the production cost of the new iPhones by anywhere from $30 to $100.

Kuo states that Apple intends to offset this additional cost by reducing its supply chain expenses, including dropping its upfront non-recurring engineering payment to suppliers of the redesigned metal chassis and frame for 5G iPhone, news portal iMore reported recently.

Kuo believes that Apple intends to bring this, along with other areas of external research and development, in house.

As per recent report, Apple is also reportedly planning to include a custom battery protection module with the iPhone 12, which is said to be almost 50 per cent smaller and thinner than the one being used in current and old iPhones.

Smartphones
The impact of the launch of 5G Smartphones and services will fully reflect in 2020. Pixabay

The reduction in size could result in more free space for a slight increase in battery capacity,

J.P. Morgan analyst Samik Chatterjee believes that Apple will release a 5.4-inch iPhone, two 6.1-inch iPhones and one 6.7-inch iPhone with 5G connectivity in 2020.

Also Read: Google Brings Spam Protection Feature in its Messages App

Chatterjee predicts the company may introduce two high-end models (one 6.1-inch and one 6.7-inch) with support for mmWave, as well as a triple-lens camera and “world facing” 3D sensing for improved Augmented Reality capabilities.

While, two low-end models (6.1-inch, 5.4-inch) will not have mmWave or World facing 3D sensing, and will have a dual-lens camera. (IANS)