Apple shares rose 12%, with CEO Tim Cook announcing a $600 billion investment in US businesses over four years. This commitment, aimed at creating 450,000 jobs at suppliers across all states, responds to pressure from President Trump regarding overseas manufacturing. Earlier remarks from Trump emphasized the need for Apple to manufacture iPhones domestically. Despite the positive announcement, Apple's stock remains down 8% for the year and was previously down nearly 30% earlier in 2025, indicating ongoing investor concerns.
Tim Cook, Apple's CEO stated, 'Today, we're proud to increase our investments across the United States to $600 billion over four years and launch our new American Manufacturing Program.' This commitment aims to generate 450,000 jobs at suppliers and partners across all 50 states.
President Trump previously stated, 'I have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else.' His remarks placed pressure on Apple for manufacturing practices.
Apple's stock experienced a 12% rise recently, marking its best week since 2020. However, the stock is down 8% this year and earlier faced a decline of almost 30%.
Apple's commitment to invest $600 billion in American businesses over four years demonstrates a strategic response to pressures from the Trump Administration regarding overseas manufacturing.
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