Tim Cook Committed Apple to a $60 Billion Domestic Manufacturing Bet Just Weeks Before Handing Off the CEO Job. Here's What It Means for Apple Investors.
Apple's supply chain move could protect margins before the next tariff shock.
Overview
Under CEO Tim Cook, Apple (NASDAQ: AAPL) has delivered an impressive 2,000%-plus return since 2011. Now, as Cook prepares to hand the reins to Apple's senior vice president of hardware engineering, John Ternus, he's doubling down on a stronger domestic supply chain -- with $60 billion earmarked for Texas.
The goal appears straightforward: reduce the risk of future tariff disruptions and protect Apple's margins and earnings path, freeing Ternus, who takes the top job on Sept. 1, to focus on what he does best: building world-class products and services.
Apple CEO Tim Cook. Image source: Apple.
Details
Source
Originally published at www.fool.com.
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