Apple Stock News: New $200 Million Investment Announced In Corning

Apple Stock News

For the latest Apple Stock News, AAPL closed at $155.70 on Monday, May 15th, 2017. It had a loss of 0.26% from its previous close of $156.10 per share.

Apple Stock News

Apple announced a new investment of $200 million in Corning. The American company specializes in glass-blowing. This investment correspond to the announcement made last week by the current CEO of Apple, Tim Cook. Apple created a fund of $1 billion under the name, Advanced Manufacturing Fund. Apple plans to use this fund to make investments in innovative US manufacturing companies. And the first company to benefit from this new fund is Corning.

Founded in 1851, Corning is the inventor of the fiber optic technology used to manufacture smartphone and tablets screens. It includes those of Apple. In the past, Trump has criticized the company for relocating to Asia, or Brazil. However, the iPhone and the iPad enjoy glass made in America. The investment in Corning could be interesting for the mythic iPhone 8 to be released soon. It could enable them for example to achieve their wireless induction charging and even to obtain exclusive intellectual property rights.

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