00:24:32 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 12,950,000
Close 2025-05-26 C$ 29.06
Market Cap C$ 376,327,000
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Globe/NYT say Apple tries to placate Trump on iPhones

2025-05-27 08:38 ET - In the News

The Globe and Mail reports in its Tuesday edition that President Donald Trump continues to pressure Apple into making its iPhones in the United States. A New York Times dispatch to The Globe says that during his recent Middle East tour, Mr. Trump took a number of shots at Apple boss Tim Cook. Mr. Trump is more determined to quickly move manufacturing to the United States, which has made Apple a primary target. Apple has stopped short of committing to making the iPhone, iPad or Mac laptops in the U.S. Instead, the company has moved to assemble more iPhones in India. Apple has tried to head off Mr. Trump's criticisms of its overseas manufacturing by promising to spend $500-billion (U.S.) in the U.S. over the next four years. Mr. Cook also has emphasized that the company will source 19 billion chips from the United States this year and will start making AI servers in Houston. Servers have not satisfied Mr. Trump: He wants iPhones made in the U.S. badly enough to create what amounts to an iPhone tariff. It would increase the cost of shipping an iPhone from India or China to the United States by 25 per cent. "If they're going to sell it in America, I want it to be built in the United States," Mr. Trump said Friday.

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