Reported 2 days ago
Apple CEO Tim Cook announced a significant $100 billion investment to expand operations in the U.S., aiming to bolster domestic manufacturing and potentially exempt Apple products from tariffs. Analysts responded positively, with several adjusting their price targets upward, highlighting the strategic importance of this investment despite concerns over the feasibility of manufacturing iPhones in the U.S. Analysts believe the move may enhance Apple's market position amidst ongoing tariff challenges.
Source: YAHOO