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If you read through the articles numbers don't seem to add up to 350B: The Tax repatriations count for 38 bil. The new capital is 30 billion. Supposed the 2000

If you read through the articles numbers don't seem to add up to 350B: The Tax repatriations count for 38 bil. The new capital is 30 billion. Supposed the 20000 people are all making a 200000 dollars/ years thats 20 biliion. Where does the other 250 billion come from?

IBM 9y ago
It comes from how much they spend with US suppliers. They're basically highlighting what their economic impact is to the US.
adventured 9y ago
From the link: "Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018"
- samfisher83 9y ago
  How much of that is made here? If you look at their ICs even if its an American company most of their chips are made in Taiwan. For example apple might design CPU here, but its made in Hsinchu.
  - adventured 9y ago
    Very likely an impossible number to unravel (without Apple providing the detail). Their cost of revenue for 2017 was $144b out of $229b in sales. How much room is in there for $50b in the US and all manufacturing overseas? It would seem theoretically possible to fit all of that in. Here's their supplier list: https://images.apple.com/supplier-responsibility/pdf/Apple-Supplier-List.pdf https://images.apple.com/supplier-responsibility/pdf/Apple-S... 3M for example has six US location references. Broadcom has two US locations. Corning has one. Flextronics has one US location. Intel has three US locations. Samsung has one US location listed. Texas Instruments has several. And so on; about 40 locations in all. Does it add up to $50 billion in real US manufacturing and supplier activity? Who knows.
    - madeofpalk 9y ago
      Also, remember they operate 271 retail stores in the US.
meri_dian 9y ago
>"Combining new investments and Apple’s current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products." It's just everything they already spend in the US, lumped together
crusso 9y ago
The marketing blurb mostly mentions new stuff like new expenditures and new employees. But the $350B is their total contribution to the US economy and I'd guess it includes current employees, programs, and infrastructure.

IBM 9y ago

It comes from how much they spend with US suppliers. They're basically highlighting what their economic impact is to the US.

adventured 9y ago

From the link: "Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018"

samfisher83 9y ago
How much of that is made here? If you look at their ICs even if its an American company most of their chips are made in Taiwan. For example apple might design CPU here, but its made in Hsinchu.
- adventured 9y ago
  Very likely an impossible number to unravel (without Apple providing the detail). Their cost of revenue for 2017 was $144b out of $229b in sales. How much room is in there for $50b in the US and all manufacturing overseas? It would seem theoretically possible to fit all of that in. Here's their supplier list: https://images.apple.com/supplier-responsibility/pdf/Apple-Supplier-List.pdf https://images.apple.com/supplier-responsibility/pdf/Apple-S... 3M for example has six US location references. Broadcom has two US locations. Corning has one. Flextronics has one US location. Intel has three US locations. Samsung has one US location listed. Texas Instruments has several. And so on; about 40 locations in all. Does it add up to $50 billion in real US manufacturing and supplier activity? Who knows.
  - madeofpalk 9y ago
    Also, remember they operate 271 retail stores in the US.

meri_dian 9y ago

>"Combining new investments and Apple’s current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products." It's just everything they already spend in the US, lumped together

crusso 9y ago

The marketing blurb mostly mentions new stuff like new expenditures and new employees. But the $350B is their total contribution to the US economy and I'd guess it includes current employees, programs, and infrastructure.