Latest news with #AppleCEO
Yahoo
a day ago
- Business
- Yahoo
Trump Lashes Out at Chuck Schumer in Truth Social Post, Claims U.S. Is in Democrats' Grasp
Seth addresses Trump mocking Apple CEO Tim Cook in front of reporters, the president of Switzerland managing to broker a deal to reduce the country's 39% tariff and more in his monologue for Thursday, August 7, before taking a closer look at Vice President JD Vance and high-ranking Trump officials reportedly getting backlash after planning to hold a strategy dinner to discuss their handling of the Jeffrey Epstein crisis. Solve the daily Crossword
CNN
4 days ago
- Politics
- CNN
Soldier explains how he disarmed shooting suspect
Soldier explains how he disarmed shooting suspect Staff Sgt. Aaron Turner says he disarmed the shooting suspect during a mass shooting at Fort Stewart. Quornelius Samentrio Radford, 28, was taken into custody and is accused of shooting five of his fellow service members. Radford's motive is not known. 00:51 - Source: CNN Vertical Top News 11 videos Soldier explains how he disarmed shooting suspect Staff Sgt. Aaron Turner says he disarmed the shooting suspect during a mass shooting at Fort Stewart. Quornelius Samentrio Radford, 28, was taken into custody and is accused of shooting five of his fellow service members. Radford's motive is not known. 00:51 - Source: CNN Apple CEO gifts Trump plaque with 24K gold base Apple CEO Tim Cook gifted President Donald Trump a plaque made of glass manufactured in Corning's Harrodsburg, Kentucky, which he announced would be the cover glass on all iPhones and Apple Watches soon. 01:01 - Source: CNN Suspected Fort Stewart shooter identified The man suspected of opening fire at Fort Stewart has been identified as Quornelius Radford, according to Brig. Gen. John Lubas, the commanding general of the 3rd Infantry Division. The suspect is alive and in custody, a law enforcement official told CNN. 01:09 - Source: CNN US special envoy Witkoff meets Putin in Russia US special envoy Steve Witkoff met with Russian President Vladimir Putin on Wednesday, as President Donald Trump threatened to impose punishing new sanctions on Russia. The meeting, which lasted around 3 hours, was described as 'constructive and useful' by Kremlin aide Yuri Ushakov, according to Russian state media TASS. CNN's Frederik Pleitgen reports. 01:49 - Source: CNN Texas Democratic lawmaker responds after Abbott tries to remove him from office Texas Gov. Greg Abbott (R) asked the state Supreme Court to remove Rep. Gene Wu (D) from office. Wu is one of 50 quorum-breaking Democratic House members who fled the state to forestall a vote on new congressional maps, and he responded to Abbott's move on AC360. 00:38 - Source: CNN Trump asked if he knew about Maxwell's prison transfer President Donald Trump told CNN's Kaitlan Collins he wasn't aware of Ghislaine Maxwell's prison transfer, and praised Deputy Attorney General Todd Blanche when asked if he thought Ghislaine Maxwell is a credible witness. 01:46 - Source: CNN Texas lawmaker says he's willing to risk arrest or fines Texas state Rep. Ramón Romero said that he is willing to be arrested after he and other Democratic lawmakers left the state to block GOP redistricting efforts. The Texas House speaker said he signed civil arrest warrants for absent Democrats, and the governor ordered state officials to arrest them. But legal experts say the warrants are likely unenforceable outside state lines. 00:39 - Source: CNN Suspect arrested in Tennessee killings case The suspect in the killings of four relatives of a baby found abandoned last week has been arrested after a weeklong manhunt across rural Tennessee, according to police in Jackson. 00:49 - Source: CNN US Coast Guard releases new report on Titan submersible implosion The implosion of OceanGate's Titan submersible, which killed five people in 2023, was a preventable tragedy caused by OceanGate's failure to follow safety protocols and a toxic workplace culture, according to a report released by the US Coast Guard Marine Board of Investigation. 01:07 - Source: CNN GOP congressman met with boos and jeers at town hall Rep. Mike Flood (R-NE) was met with boos and jeers after his answer about funding for migrant detention facilities and ICE during a town hall in Lincoln, Nebraska. 01:43 - Source: CNN
Khaleej Times
4 days ago
- Business
- Khaleej Times
Trump announces $100 billion new investment pledge from Apple
President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones. The new pledge raises Apple's total domestic investment commitment in the US to $600 billion over the next four years. Earlier this year, the company announced it would invest $500 billion and hire 20,000 workers across the country in that period. The announcement centres on expanding Apple's supply chain and advanced manufacturing footprint in the US, but still falls short of Trump's demand that Apple begin making iPhones domestically. "Companies like Apple, they're coming home. They're all coming home," Trump told reporters in the Oval Office, moments after Apple CEO Tim Cook gave him a US-made souvenir with a 24-karat gold base. "This is a significant step toward the ultimate goal of ensuring that iPhones sold in America also are made in America," Trump added. Asked if Apple could eventually build entire iPhones in the US, Cook noted that many components such as semiconductors, glass and Face ID modules are already made domestically, but said that final assembly will remain overseas "for a while." While the investment pledge is significant, analysts say the numbers align with Apple's typical spending patterns and echo commitments made during both the Biden administration and Trump's previous term. In May, Trump had threatened Apple with a 25% tariff on products manufactured overseas, a sharp reversal from earlier policy when his administration had exempted smartphones, computers and other electronics from rounds of tariffs on Chinese imports. Trump's effort to reshape global trade through tariffs cost Apple $800 million in the June quarter. "Today is a good step in the right direction for Apple, and it helps get on Trump's good side after what appears to be a tension-filled few months in the eyes of the Street between the White House and Apple," said Daniel Ives, an analyst with Wedbush Securities. "A savvy solution" Apple has a mixed track record when it comes to following through on investment promises. In 2019, for instance, Cook toured a Texas factory with Trump that was promoted as a new manufacturing site. But the facility had been producing Apple computers since 2013 and Apple has since moved that production to Thailand. Apple continues to manufacture most of its products, including iPhones and iPads, in Asia, primarily in China, although it has shifted some production to Vietnam, Thailand and India in recent years. Despite political pressure, analysts widely agree that building iPhones in the U.S. remains unrealistic due to labor costs and the complexity of the global supply chain. "The announcement is a savvy solution to the president's demand that Apple manufacture all iPhones in the U.S.," said Nancy Tengler, CEO and CIO of Laffer Tengler Investments, which holds Apple shares. Partners on Apple's latest U.S. investment effort include specialty glass maker Corning, semiconductor manufacturing equipment supplier Applied Materials, and chipmakers Texas InstrumentsO, GlobalFoundries, Broadcom and Samsung. Apple said Samsung will supply chips from its production plant in Texas for its products including iPhones, while GlobalWafers said it would be supplying 300mm silicon wafers from its Texas plant. Apple shares closed up 5% on Wednesday. Shares of Corning rose nearly 4% in extended trading, while Applied Materials gained almost 2%.
Phone Arena
5 days ago
- Business
- Phone Arena
Trump says Apple will spend more money to manufacture products in the U.S.
On the heels of President Donald Trump's announcement calling for the imposition of a 50% tariff on India, the president is expected to announce that Apple will spend another $100 billion to build more products in the U.S. Since the tariffs are an import tax, Apple products produced domestically would escape them. Currently, the vast majority of iPhone units sold in the U.S. are assembled in India, according to Apple CEO Tim Cook. Trump is doubling the tariff rate from 25% to 50% on U.S. imports from India due to the country's purchase of Russian oil. Trump says that India's purchase of Russian oil is helping the latter finance its war with Ukraine. While Cook has said that most iPhones sold in the U.S. are made in India, other Apple devices sold in the U.S., such as iPads, Apple Watches, and MacBooks, are produced in Vietnam. The president has long called for Apple to build more products in the U.S., including the iPhone. Even before getting sworn in for his first term, back in November 2016, then President-Elect Donald Trump told The New York Times that he would give Apple incentives to build a new U.S.-based factory that would turn out iPhone models. As recently as this past May, Trump said that he spoke with Cook and told him to stop building iPhones headed to the U.S. in India. Trump, instead, told Cook to build Apple's most important product in the United States. During his first term, Cook was able to convince Trump not to place tariffs on Apple products, including the iPhone, since it would allow South Korea-based Samsung to pick up U.S. sales at Apple's expense. In a statement, White House spokesperson Taylor Rogers said, "President Trump's America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses." This story will be updated throughout the day
The Verge
31-07-2025
- The Verge
Apple shipped its 3 billionth iPhone
Apple has been the target of a fair amount of criticism over the past year, from its AI missteps to a strong distaste for its new design ethos. But the numbers don't lie, and if Apple knows how to do anything it's sell iPhones. Specifically, three billion of them, as CEO Tim Cook announced on the company's earnings call today. That's an impressive number on its own, but it's even wilder when you consider that Apple is picking up the pace. The iPhone was introduced in 2007 and the company reached 1 billion iPhones sold nine years later in 2016. Getting to 2 billion took only five years; from there it's been just four years to sell another billion. Considering the rate at which young people — in this country, at least — prefer iPhones over Android, it seems like a trend that's bound to continue. That's also a lot of eggs in one basket. Apple's own Eddy Cue recently admitted that 'you may not need an iPhone 10 years from now.' That should be pretty worrying if your biggest business is selling phones! Apple's most notable foray into a forward-looking form factor hasn't exactly set the world on fire, either. It has somewhat famously fumbled its first attempts at adding meaningful AI features to its phones, too. At least from the outside, Apple doesn't seem terribly well prepared for that world we might be living in ten years from now. The dilemma is clearly on Cook's mind. Later in the earnings call when asked about the fate of phones as the dominant mobile platform, he mentioned that the company is 'thinking about other things as well,' but thinks that emerging technologies 'are likely to be complementary devices, not substitution.' Phones certainly seem safe in the short term, but maybe whatever Sam Altman and Jony Ive are cooking up will slow Apple's roll a bit on the way to its four billionth iPhone sale. Posts from this author will be added to your daily email digest and your homepage feed. See All by Allison Johnson Posts from this topic will be added to your daily email digest and your homepage feed. See All Apple Posts from this topic will be added to your daily email digest and your homepage feed. See All Business Posts from this topic will be added to your daily email digest and your homepage feed. See All iPhone Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
