Thanks to tax bill, Apple plans big investment in US economy
(Photo Shutterstock/By thanat sasipatanapa)
Apple announces big investment plans for the US economy over the next five years.
Apple says they plan to invest over $350 billion dollars. They say the new GOP tax bill will mean they will pay $38 billion dollars and the implication is that they will bring back virtually all of their $250 billion in overseas cash. Apple plans to spend $30 billion in new capital expenditures including $10 billion for US Data centers. Apple will more than double its innovation fund to five billion, up from a previously announced $1 billion. Apple will also create 20 thousand new jobs. They already have 84 thousand employees in all fifty states.