Technology

Apple to contribute $350 billion to the US economy, aims to create 20,000 new jobs

Apple which falls on the list of the top 10 world’s largest companies in terms of revenue, has recently announced a series of new initiatives to show its commitment to supporting the U.S. economy and workforce. Apple with its aim to become a dollar trillion company has always demonstrated patriotism by supporting the US economy in various sectors. As of now, the CEO of the company has announced a new contribution of around $350 billion to the US economy over the next five years.

In an interview recorded by ABC News, Apple’s CEO Tim Cook said that the company aims to create 20,000 new jobs and wants to open a new campus, in coming years. Cook has promised to increase direct employment of American workers and wants to grow the amount of spending with U.S-based suppliers and manufacturers. Cook has also encouraged the further growth of the app economy. According to him,

“We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”

In addition, Tim Cook has revealed that Apple is also going to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.

During the same interview, TimCook was also asked about the performance throttling issue, where he deeply apologized about misleading its consumers and said that those iPhone owners will be able to monitor the health of the battery in upcoming software updates.

Here’s the complete video interview, taken by ABC News,

Sponsored
Sajeel Syed

I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism. Follow me on Twitter: https://twitter.com/sajeelshamsi

Leave a Comment
Share
Published by
Sajeel Syed

Recent Posts

Microsoft Launches AI-Powered “Support Virtual Agent” for Xbox Users

Microsoft has launched its AI-powered “Support Virtual Agent” chatbot for Xbox Insiders in the U.S.,…

40 mins ago

Musk Says Tesla Won’t Enter Smartphone Market Unless Necessary

Android Authority recently polled its users to find out if they would purchase a Tesla…

49 mins ago

Sukkur IBA Sets Seven Conditions for Conducting MDCAT

The Secretary of the Sukkur IBA Testing Agency has formally requested urgent action from the…

1 hour ago

PSEB Opens Bidding for Nationwide e-Rozgar Centers

The Pakistan Software Export Board (PSEB) has launched a nationwide program to encourage IT startups…

2 hours ago

Google Play Services Bug Disrupts Access to Apps for Pixel Users: Here’s How to Fix It

A significant issue with Google Play Services has left many Pixel users unable to access…

2 hours ago

WhatsApp Beta Partners with Google for Innovative Image Search Feature

When it comes to Android messaging apps, WhatsApp stands out as one of the best.…

2 hours ago