(Image source: PandoDaily)

BY NATHAN BYRNE

ANCHOR JIM FLINK

Apple CEO Tim Cook says his company will start making Macs in the United States — to the tune of about $100 million.

Cook shared the news in an exclusive interview with NBC’s Brian Williams. This came when Williams asked, “Why can’t you be a made-in-America company?” According to WCAU …

“ … Cook says a line of existing Mac computers will be made somewhere in the States starting next year. He hasn’t said exactly where or which computers he’s talking about.”

Cook told Bloomberg that doesn’t mean Apple will do it themselves, but says “ … we’ll be working with people and we’ll be investing our money.”

Cook’s media blitz follows plenty of bad press about Apple’s overseas manufacturing snafus — namely at the Foxconn plant in China. CBC suggests the announcement about American production is strategic.

“Tim Cook, sort of on a PR offensive. Was on the media talking about they’re going to invest a hundred million dollars this year alone and move production of one of their existing lines of Mac computers to U.S. soil.”

$100 million sounds like a lot of cash. But one CNN correspondent isn’t impressed — and she doesn’t think it clears anything up, either.

“Frankly, that’s a drop in the bucket for a company of its size. So, it’s really hard to say right now if that means expanding current operations or even building out brand new ones.”

PandoDaily says it’s not quite time to hit the streets chanting, “USA!” just yet. Writer Nathaniel Mott predicts the iMac is the machine that’ll be made in the states — but notes it’s also one of Apple’s slowest-selling products. In the fourth quarter this year, Apple sold 4.9 million Macs. In that same time, it moved 14 million iPads and 27 million iPhones.

The news comes as Apple’s stock continues to sink.  Some industry analysts suggest Apple is headed for what’s called a ”death cross.” That’s when a stock’s 50-day moving average drops below its 200-day moving average. CNBC explains.

”Remember that the death cross is a lagging indication of the correction of more than 28 percent from that September high.”

According to CNET, Cook is also hinting that Apple’s long-rumored expansion into television may be closer than ever. That’s based on his Brian Williams interview, which airs Thursday night on “Rock Center.”

Apple CEO Tim Cook Announces U.S. Manufacturing Expansion

by
0
Transcript
Dec 6, 2012

Apple CEO Tim Cook Announces U.S. Manufacturing Expansion

(Image source: PandoDaily)

BY NATHAN BYRNE

ANCHOR JIM FLINK

Apple CEO Tim Cook says his company will start making Macs in the United States — to the tune of about $100 million.

Cook shared the news in an exclusive interview with NBC’s Brian Williams. This came when Williams asked, “Why can’t you be a made-in-America company?” According to WCAU …

“ … Cook says a line of existing Mac computers will be made somewhere in the States starting next year. He hasn’t said exactly where or which computers he’s talking about.”

Cook told Bloomberg that doesn’t mean Apple will do it themselves, but says “ … we’ll be working with people and we’ll be investing our money.”

Cook’s media blitz follows plenty of bad press about Apple’s overseas manufacturing snafus — namely at the Foxconn plant in China. CBC suggests the announcement about American production is strategic.

“Tim Cook, sort of on a PR offensive. Was on the media talking about they’re going to invest a hundred million dollars this year alone and move production of one of their existing lines of Mac computers to U.S. soil.”

$100 million sounds like a lot of cash. But one CNN correspondent isn’t impressed — and she doesn’t think it clears anything up, either.

“Frankly, that’s a drop in the bucket for a company of its size. So, it’s really hard to say right now if that means expanding current operations or even building out brand new ones.”

PandoDaily says it’s not quite time to hit the streets chanting, “USA!” just yet. Writer Nathaniel Mott predicts the iMac is the machine that’ll be made in the states — but notes it’s also one of Apple’s slowest-selling products. In the fourth quarter this year, Apple sold 4.9 million Macs. In that same time, it moved 14 million iPads and 27 million iPhones.

The news comes as Apple’s stock continues to sink.  Some industry analysts suggest Apple is headed for what’s called a ”death cross.” That’s when a stock’s 50-day moving average drops below its 200-day moving average. CNBC explains.

”Remember that the death cross is a lagging indication of the correction of more than 28 percent from that September high.”

According to CNET, Cook is also hinting that Apple’s long-rumored expansion into television may be closer than ever. That’s based on his Brian Williams interview, which airs Thursday night on “Rock Center.”

View More
Comments
Newsy
www1