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Apple plans to add $350B to US economy, $38B in repatriated tax payments

Published 01/17/2018, 01:20 PM
© Reuters. Apple plans to add $350B to US economy, $38B in repatriated tax payments
AAPL
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  • Apple (NASDAQ:AAPL) plans to contribute more than $350B to the U.S. economy over the next five years and hire 20K additional workers.
  • The total doesn’t include ongoing tax payments, the tax revenues from employees’ wages, or the sale of Apple products.
  • Planned U.S. capital expenditures, investments in manufacturing, and a record tax payment on repatriation of overseas cash will account for $75B of the company’s direct contribution.
  • Apple anticipates $38B in repatriation tax payments and $30B in capital expenditures. Over $10B of the latter will go towards data center investments.
  • Apple also increases the size of its Advanced Manufacturing Fund it established last year from $1B to $5B.
  • Previously: Longbow downgrades Apple on lower iPhone forecast (Jan. 17)
  • Previously: BofAML raises Apple's price target to $1.1T valuation (Jan. 17)
  • Now read: The Apple CPU Advantage, Revisited


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