by August 6 – Apple Inc. (Nasdaq: AAPL) Stock Stam on Wednesday morning about 4% when investors focused on a hanging announcement about the technical giant plans to expand the production print in the US. The White House showed a significant domestic investment from Apple, which feeds speculation around new factory developments and job creation.
Although exact details remain under wraps, only the anticipation shares of Apple trending higher as traders were expected before the official statement later in the day. The move suggests that Apple may respond to growing pressure from both political and supply chain corners to locate more of its hardware production.
This is because policy makers in the US still insist on technology companies to reduce production to the US to be less dependent on foreign suppliers abroad or in Asia. Apple already produces part of its products under domestic assembly, but this can be a greater sign of dedication to American production.
Investors regard the potential expansion of Apple in the US as a good omen for long -term growth, cost control and the ability to withstand negative forces. Although the deal has not yet been fully confirmed, optimism with regard to Apple’s revival of investments has already weighed the market at home.
This article first appeared on Gurufocus.
