Apple Stock News
For the latest Apple Stock News, AAPL closed at $116.64 on Wednesday, December 21, 2016 with a 0.09% gain, or $0.11 from its previous close of $116.95 per share.
As we all know, President-elect Trump wants to bring jobs back to America. Apple is one of the companies that Trump has talked about moving their manufacturing back to the United States. In 2013, Apple reinvested $100 million into US manufacturing by strictly producing their MacBook Pros in Austin, Texas. This was a great idea in theory, however; the factory had to train workers and use custom made tools for the production which then negatively affected production. Because of these factors, the factory was much slower than previous factories abroad and the company could no longer meet demand. Movement of their production facilities in general would be a huge expense as well as a hassle.
Recently, Apple is starting to look for expansion of their manufacturing into India, similar to how they produce products in China. Though Trump is trying to shift their gaze to the United States, it seems like Apple isn’t going to change its stance.
Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art algorithm click here.