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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)

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Instagram Launches Beta Version if its in-app Shopping Feature in US

Instagram's plans on rolling out the feature globally remain unclear

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FILE - The Instagram icon is displayed on a mobile screen in Los Angeles. VOA

Facebook-owned photo messaging app Instagram has launched the beta version of its in-app shopping feature in the US that would allow over a billion users to buy products tagged in images or videos without having to leave the platform.

Called “Checkout with Instagram”, the feature would allow US users to shop from over 20 brands including Adidas, Kylie Cosmetics and Warby Parker, without re-directing users to other websites.

“We will introduce a selling fee to help fund programmes and products that help make checkout possible, as well as offset transaction-related expenses,” TechCrunch quoted an Instagram spokesperson as saying on Tuesday.

The photo-messaging app would charge sellers making sales an undisclosed amount of fee.

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Instagram could help you reach your target audiences better through shares and other aspects of personal marketing.

“We aren’t sharing the specific number right now. We are testing a selling fee with businesses during the closed beta. It will not change the price of the items for consumers,” the spokesperson said.

Checkout tags would appear on feed posts, Stories and Explore content from the brands in the closed beta that Instagram plans to eventually open to more businesses.

Also Read- Apple Unveils New AirPods Designed to Deliver More Talk Time

For now, those who use Instagram’s shopping feature can pay with PayPal, Visa, Mastercard, American Express and Discover, the report added.

Instagram’s plans on rolling out the feature globally remain unclear. (IANS)