The president seems to have done a very good job putting Apple in an awkward spot this week. Trump recently said publically that Apple CEO Tim Cook had promised him the company was set to build US manufacturing facilities. The comments have put pressure on the company to follow through on its apparent word. However, the awkwardness comes as it does not appear that Apple has any real plans to do so. It is also intensified by the announcement of Foxconn, one of Apple’s biggest suppliers, that they will open US facilities. Apple has declined comment.
FINSUM: Apple is a well-loved consumer company, but Trump seems to have raised focus on the Apple’s near 100% outsourcing of its supply chain. One wonders how much the heat may grow to bring some jobs back home.