Apple Announces New Manufacturing Program with $400M Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy AAPL?
Apple (AAPL) announced new members of its American Manufacturing Program, expanding the company's commitment to bring even more advanced manufacturing and critical component production to the United States. Apple is working with Bosch, Cirrus Logic (CRUS), TDK, and Qnity Electronics (Q) to manufacture essential materials and components in the U.S. for Apple products sold around the world, creating jobs and strengthening America's manufacturing capabilities, said Apple, adding that the company is planning to spend $400M for these new programs through 2030. "At Apple, we believe in the power of American innovation and manufacturing, and we're proud to partner with even more companies to produce critical components and cutting-edge materials for our products right here in the U.S. Today, we're joining with world-class partners like Bosch, Cirrus Logic, TDK, and Qnity Electronics to further expand Apple's U.S. supply chain through our American Manufacturing Program. This is another powerful example of what is possible when we invest in American ingenuity, and we're excited to build the future together," said Tim Cook, Apple's CEO.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 248.800
Low
239.00
Averages
306.89
High
350.00
Current: 248.800
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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