00:08:26 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 10,950,000
Close 2025-02-24 C$ 36.03
Market Cap C$ 394,528,500
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Globe/wire say Apple to spend $500B (U.S.) over 4 years

2025-02-25 07:26 ET - In the News

The Globe and Mail reports in its Tuesday edition that Apple said on Monday it would spend $500-billion (U.S.) in U.S. investments in the next four years that will include a factory in Texas for artificial-intelligence servers and add 20,000 research and development jobs across the country in that time. A Reuters dispatch to The Globe says the $500-billion includes everything from purchases from U.S. suppliers to U.S. filming of television shows and movies for its Apple TV+ service. The company declined to say how much of the figure it was already planning to spend with its U.S. supply base, which includes firms such as Corning that makes glass for iPhones in Kentucky. The move comes after Apple chief executive officer Tim Cook met President Donald Trump last week. Many of Apple's products that are assembled in China could face 10-per-cent tariffs imposed by Mr. Trump, though the iPhone maker had secured some waivers from China tariffs in the first Trump administration. "This pledge represents a political gesture toward the Trump administration," said Gil Luria, analyst at D.A. Davidson, noting that the $500-billion (U.S.) likely includes all of Apple's spending in the U.S., including general and administrative costs.

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