Are you a fan of Apple's products? They say that once you make the switch to Apple, you'll never go back to another, and for good reason. Gadgets like the iPhone and iPad are so user-friendly and they have had a history of being more secure than other brands.
Apple's legion of fans has helped make the company worth close to $1 trillion. That's amazing!
Now, the tech giant has announced a major investment and job creation in the U.S.
Apple to create thousands of new jobs
Apple announced this week that it is going to open a new campus in the U.S. for its tech support staff. It will also create 20,000 jobs over the next 5 years.
The company said its contribution to the U.S. economy will be $350 billion over that time span.
CEO Tim Cook said, "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the U.S. economy. We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."
The company will also repatriate $253.3 billion in cash that has been stashed overseas for years. It will be taxed at a rate of roughly 15 percent, for a one-time payment of $38 billion.
We don't know yet where Apple's new campus will be built, but that's supposed to be announced later this year. This is all good news for the U.S. economy. Especially the expansion of jobs.
Speaking of job creation, Amazon is planning on building a second headquarters location in North America
Amazon is a beast in the world of online retailers. It's so successful that there are an estimated 90 million Amazon Prime members in the U.S. alone. Who wouldn't want to work for such a dynamic and successful company? Good news, you might get that chance.