Apple Plans $350 Billion Boost to U.S. Economy Over 5 Years, 20,000 New Jobs, and a New Campus

Apple today highlighted its plan to to bolster the U.S. economy through job creation, existing investments, and new investments, with the company on target to contribute $55 billion to the economy in 2018 and $350 billion over the course of the next five years.

Along with its $350 billion contribution through direct employment, investment with domestic suppliers, and the App Store economy, Apple will increase its Advanced Manufacturing Fund from $1 billion to $5 billion.



The Advanced Manufacturing Fund is designed to create jobs in the United States through investments in Apple suppliers. Apple has already invested $200 million in Corning, maker of Gorilla Glass, and $390 million in Finisar, a supplier that makes vertical-cavity surface-emitting laser (VCSEL) components found in the iPhone X’s True Depth camera.

“Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,” said Tim Cook, Apple’s CEO. “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.”

Apple plans to repatriate much of its overseas profits and expects to pay taxes of $38 billion when doing so, which Apple says is likely to be the largest payment of this kind ever made. That tax payment, combined with its U.S. investments and planned capital expenditures, will account for $75 billion of its projected $350 billion contribution.

Apple will be paying 15.5 percent in taxes to repatriate its overseas cash, suggesting the company plans to repatriate approximately $245 billion, or nearly all of its foreign money.

Apple will create 20,000 new jobs and spend $30 billion hiring new employees at its existing campus and opening a new campus. Apple has a new campus in the works that will “initially house technical support for customers.” Its location will be announced later in the year.

More than $10 billion of Apple’s planned capital expenditures will be investments in data centers across the United States, with Apple breaking ground on a new facility in Reno, Nevada starting today.

Apple’s final plan to bolster the economy is through education. The company will expand its current coding initiatives that are designed to help people learn how to create iOS apps using Swift and it will increase funding for ConnectED to help students in “historically underserved communities” learn coding skills.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
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Apple Plans $350 Billion Boost to U.S. Economy Over 5 Years, 20,000 New Jobs, and a New Campus [Updated]

Apple today highlighted its plan to to bolster the U.S. economy through job creation, existing investments, and new investments, with the company on target to contribute $55 billion to the economy in 2018 and $350 billion over the course of the next five years.

Along with its $350 billion contribution through direct employment, investment with domestic suppliers, and the App Store economy, Apple will increase its Advanced Manufacturing Fund from $1 billion to $5 billion.



The Advanced Manufacturing Fund is designed to create jobs in the United States through investments in Apple suppliers. Apple has already invested $200 million in Corning, maker of Gorilla Glass, and $390 million in Finisar, a supplier that makes vertical-cavity surface-emitting laser (VCSEL) components found in the iPhone X’s True Depth camera.

“Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,” said Tim Cook, Apple’s CEO. “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.”

Apple plans to repatriate much of its overseas profits and expects to pay taxes of $38 billion when doing so, which Apple says is likely to be the largest payment of this kind ever made. That tax payment, combined with its U.S. investments and planned capital expenditures, will account for $75 billion of its projected $350 billion contribution.

Apple will be paying 15.5 percent in taxes to repatriate its overseas cash, suggesting the company plans to repatriate approximately $245 billion, or nearly all of its foreign money.

Apple will create 20,000 new jobs and spend $30 billion hiring new employees at its existing campus and opening a new campus. Apple has a new campus in the works that will “initially house technical support for customers.” Its location will be announced later in the year.

More than $10 billion of Apple’s planned capital expenditures will be investments in data centers across the United States, with Apple breaking ground on a new facility in Reno, Nevada starting today.

Apple’s final plan to bolster the economy is through education. The company will expand its current coding initiatives that are designed to help people learn how to create iOS apps using Swift and it will increase funding for ConnectED to help students in “historically underserved communities” learn coding skills.

Update: Apple today also told employees that it will issue a bonus of $2,500 worth of restricted stock units following the introduction of the new U.S. tax law. Stock grants will be issued to most employees below a director level worldwide “in the coming months.”

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Discuss this article in our forums

This seemingly innocent link causes big problems on Mac and iOS

Another strange bug has been discovered in Messages for Mac and iOS. Following a certain URL causes all kinds of issues on both platforms, including freezes, restarts, and even battery issues. You don’t even have to open the link to suffer the problems. You can blame Apple for not fixing certain bugs before making software […]

(via Cult of Mac – Tech and culture through an Apple lens)

Malicious Link Texted to Mac and iOS Devices Can Cause Freezes and Resprings

A link that exploits a bug in iOS and Mac devices was shared on Twitter this afternoon, and if you receive this link through the Messages app, your iPhone or iPad can freeze up or respring, and the Messages app can become unusable.

The link, which goes to a Github page, breaks the Messages app and causes problems on both iOS devices and Macs. Simply receiving the link results in issues, likely due to the Messages feature that lets you preview web links. We tested the bad link and while we saw few resprings, it did reliably cause the Messages app to freeze entirely.



The only solution appears to be to quit out of the Messages app and then delete the entire offending conversation to restore full functionality.

These kinds of Message-based bugs have surfaced several times in the past, with text strings, videos, and more crashing the Messages app in the past. Such bugs are not serious, but they can be highly irritating when abused as a prank.

It’s best not to send the link to friends, because it can cause the sending device to freeze up and crash as well. If your device is affected, quit the Messages app on Mac or iOS, open it back up, and immediately delete the entire message thread.

On Mac, you’ll need to swipe right on the trackpad or right click on to the person’s name to delete the conversation, while on iOS, you’ll need to swipe to the right on a person’s name to bring up the delete option.

Blocking the domain using Parental Restrictions may prevent the link from affecting your iOS devices. You can turn on Restrictions on iPhone or iPad by going to Settings –> Restrictions –> Websites and adding “GitHub.io” to the “Never Allow” list.
Discuss this article in our forums

Malicious Link Texted to Mac and iOS Devices Can Cause Freezes and Resprings [Updated]

A link that exploits a bug in iOS and Mac devices was shared on Twitter this afternoon, and if you receive this link through the Messages app, your iPhone or iPad can freeze up or respring, and the Messages app can become unusable.

The link, which goes to a Github page, breaks the Messages app and causes problems on both iOS devices and Macs. Simply receiving the link results in issues, likely due to the Messages feature that lets you preview web links. We tested the bad link and while we saw few resprings, it did reliably cause the Messages app to freeze entirely.



The only solution appears to be to quit out of the Messages app and then delete the entire offending conversation to restore full functionality.

These kinds of Message-based bugs have surfaced several times in the past, with text strings, videos, and more crashing the Messages app in the past. Such bugs are not serious, but they can be highly irritating when abused as a prank.

It’s best not to send the link to friends, because it can cause the sending device to freeze up and crash as well. If your device is affected, quit the Messages app on Mac or iOS, open it back up, and immediately delete the entire message thread.

On Mac, you’ll need to swipe right on the trackpad or right click on to the person’s name to delete the conversation, while on iOS, you’ll need to swipe to the right on a person’s name to bring up the delete option.



Blocking the domain using Parental Restrictions may prevent the link from affecting your iOS devices. You can turn on Restrictions on iPhone or iPad by going to Settings –> General –> Restrictions –> Websites –> Limit Adult Content and adding “GitHub.io” to the “Never Allow” list.

Update: Apple appears to have addressed the bug in iOS 11.2.5 beta 6, and Github has removed the offending webpage and banned the developer who originally created it.
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Silicon Valley FBI boss says the bureau loves Apple

Apple’s relationship with the FBI isn’t nearly as contentious as some government officials and critics would have you believe. That’s according to the FBI’s San Francisco chief, John Bennett, who says his office and Apple actually enjoy a great relationship. In fact, Apple actually trains FBI agents on how to do their jobs better. The […]

(via Cult of Mac – Tech and culture through an Apple lens)

YouTube is getting a new dark theme on iOS

The official YouTube app for iOS is getting a new dark theme. The theme makes YouTube easier on the eye — particularly at night — and could help improve battery life on your iPhone X. iOS has always been a predominantly bright operating system, with suggestions of a system-wide dark theme yet to come to […]

(via Cult of Mac – Tech and culture through an Apple lens)