Reported 1 day ago
Apple's stock surged 13% after CEO Tim Cook announced a $100 billion US investment alongside President Trump at the White House. This move is seen as a response to the political pressure for domestic manufacturing. While Apple won't be producing iPhones in the US, the investment aims to strengthen relationships with US suppliers. This strategy is significant in the context of ongoing tariff policies and marks a shift as Apple moves away from being a laggard in the tech market.
Source: YAHOO