Apple CEO Tim Cook says Made-in-USA Mac will be assembled in Texas

[onehandle]

Source: C-SPAN

We’re using our earnings growth to invest billions of dollars in the U.S. to create even more American jobs. We’re investing $100 million to build a Mac product line here in the U.S. The product will be assembled in Texas, include components made in Illinois and Florida, and rely on equipment produced in Kentucky and Michigan.

We previously noted that Apple is working with Quanta on shipping certain iMac models, but Quanta is based in California and Tennessee. With this in mind, it is likely that Apple will be working with Foxconn on the US-built Mac.

Apple, yesterday, disclosed that components for this new Mac will be sourced from Arizona, Texas, Illinois, Florida and Kentucky. Today, Cook also reiterated that Apple is building a new administrative campus in Texas.

Read more: http://9to5mac.com/2013/05/21/apple-ceo-tim-cook-says-made-in-usa-mac-will-be-assembled-in-texas

[Blue State Bandit]

1. So... still not Made in America.

Didn't they Secede?

[tridim]

2. Tax-free Texas. nt

[KamaAina]

3. But are they going to pay any taxes on them?

http://www.democraticunderground.com/10022873842

[dixiegrrrrl]

10. Exactly!

Apple Inc. (AAPL) has set up corporate structures that have allowed it to pay little or no corporate tax -- in any country -- on much of its overseas income, according to the findings of a U.S. Senate examination released Monday evening.

The unusual result is possible because the iPhone maker's key foreign subsidiaries argue they are residents of nowhere, according to the investigator' report, which will be discussed at a hearing Tuesday where Apple CEO Tim Cook will testify.

http://www.foxbusiness.com/technology/2013/05/20/apple-pays-no-tax-on-much-its-overseas-income/

Fox link but available at other news stations too.

"residents of nowhere" eh?
But they are a corporation, thus a person, thus have to live somewhere....

[former9thward]

13. Little or no taxes?

Apple pays more income tax than any other corporation or person to the U.S. They pay 2.5% of all corporate income tax collected by the U.S. I guess $6 billion a year is not enough for you. How much does Berkshire Hathaway pay? And why so little compared to Apple? Oh that's right they are the company that owes the IRS taxes back to 2002. http://www.huffingtonpost.com/2011/08/29/warren-buffett-taxes-berkshire-hathaway_n_941099.html

http://www.macrumors.com/2013/01/04/apple-paid-6-billion-in-federal-income-tax-in-2012-140-of-all-u-s-corporate-income-tax-collected/

[dixiegrrrrl]

14. go argue with Josh Marshall at TPM

http://talkingpointsmemo.com/news/panel-apple-uses-firms-outside-us-to-avoid-taxes.php?ref=fpb

[hughee99]

18. The numbers I found were a little different, it has Apple paying 14.2 billion.

The numbers I found was Apple paying not 6 billion in taxes but 14.2 billion in taxes in 2012 with 41.7 billion in net income. This puts them 3rd behind ExxonMobil ($31 billion) and Chevron ($20 billion).

http://www.forbes.com/pictures/mef45kghl/3-apple-computer/

Berkshire Hathaway paid 6.9 billion with 14.8 billion in net income. This would mean Berkshire's rate is actually slightly higher than Apples (28% to 25%)

[former9thward]

25. I think your number may be total taxes.

Total to federal, state and local taxing authorities. I was using the federal rate. I mentioned Berkshire because holier than thou Warren Buffett is always saying, "tax me more, tax me more" and his company owes back taxes to the IRS going back to 2002.

[high density]

20. Per your link, Berkshire is paying an effective tax rate of 29%

Apple's effective tax rate is 20.1%.

[former9thward]

26. Per my link Berkshire is a tax cheat.

They owe back taxes and penalties to the IRS going back to 2002.

[high density]

34. Says the New York Post two years ago, who said they were going to fix the problem last year.

Regardless, Berkshire pays a higher effective tax rate than Apple. I'm not sure why you're arguing for a big corporation, but whatever.

[former9thward]

35. I am just not part of the "I live to hate Apple" group.

If you don't believe the Post maybe you might believe the Berkshire annual report where they admit they owe over $1 billion going back to 2002. At December 31, 2010 and 2009, net unrecognized tax benefits were $1,005 million and $926 million, respectively.

page 54 http://www.berkshirehathaway.com/2010ar/2010ar.pdf

[SoapBox]

4. "Today, Cook also reiterated that Apple is building a new administrative campus in Texas."

Because........Gov. Bad-Hair is giving away everything?

Maybe the Gov. will provide Apple with some free prison labor...you know, the folks
that are up for execution or something like that? Get some work out of the lazy
bums before well kill them off.

Apple...the more we get to know ya, the less we like.

[CBGLuthier]

5. PR Smoke Screen

Where will the actual subcomponents, the chips, resistors, capacitors, diodes, transformers, and display screens be made?

[jmowreader]

30. Unless he's planning on building a fab, I'd say the Pacific Rim

Well, except for the RAM...a lot of the RAM used in the US comes from a plant in Boise.

Gonna take a lot of people to screw those things together, and if they're Americans it's to the good.

[politicat]

6. Which regressive, authoritarian economy do I want to support?

I will have to convince my computers to live longer, it sounds like.

[closeupready]

7. Not interested, not even if you gave it away.

[Augiedog]

8. Good grief

What could possibly go wrong with a computer made in a state that wants to outlaw critical thinking?
If this doesn't wreck apple crap I don't know what will.

[christx30]

31. I worked at Dell

Building computers in Austin, Texas for 12 years. Mostly built the Optiplex line. We put out a damn good product. Worked 9 to 12 hour days each of us cranking out 25 computers per hour. Quality controls were tight. There's nothing wrong with Texas as a manufacturing base. I wish Apple luck.

[Paladin]

37. Did you emerge from it as a "Dellionaire"?

Several of my old Austin friends made a ton of money off their Dell employment; hope you did likewise.....

[christx30]

39. Not really.

But with the expirance I got, my next job interview was a half-assed formality on the part of the interviewer. "12 years building computers? Take this wad of paper and try to sink it into the basket. If you get it within the same building, you're hired."

[Paladin]

40. Glad to hear it. (nt)

[marmar]

9. The profits from the sales, however, will be stashed in Ireland.

nt

[TRoN33]

11. The secret of Texas' recruitment is...

Severe deregulation. Rick Perry has done nothing but recruiting the companies from 49 states and allowed them to send their workers to death daily while impose the life insurance on individual workers in order for the corporations to earn "rightfully" after the "accidents" while getting away Scot-free.
Texas is practically the state of Corporations' Never-Go-To-Jail card.

[kentauros]

22. There is a silver lining to that "recruitment" however:

Liberals are moving here for those jobs

It's too bad that information leaked out some weeks ago. I think we should have kept it a secret and then sprung it on Parry when he inevitably becomes a bad-loser (or whomever runs for gov on the RW ticket.)

We will turn our fantabulous state blue again!

[TRoN33]

12. I also may add...

The Texas state itself is like holy grail of the corporations' dream land of the deregulation. I guaranteed that in 20 years, if Rick Perry's heart is still beating, he will regret this many indecisions he has made in order to "create more jobs" in Texas in order to bid his Presidency in 2016.

[PSPS]

15. "Assembled in Texas" doesn't mean "Made in USA."

[onehandle]

16. Where was what you are posting on assembled?

My bet is that the place rhymes with Dinah.

[rightsideout]

28. Depends on where the chips are made

I have a Mac Pro Quad Core tower. I believe it uses Intel Xenon processor chips. Over the years Macs have used Motorola, IBM and Intel processors. So I guess wherever those are made. But the point is, it's high quality. I've owned nothing but Macs since the Mac 512K. I'll never use anything else. My Mac G4 still works great. Just ran out of room.

[ForgoTheConsequence]

17. I thought Apple supported gay rights?

Way to choose one of the most socially regressive non-worker friendly states. Of course the "progressive" cult of Apple will cheer this on.

[onehandle]

19. CEO Tim Cook is gay. Most powerful gay businessman in history. nt

[ForgoTheConsequence]

21. OK?

All that tells me is that he should know better.

[penultimate]

29. Money and personal power often times wins out over principles for many

[SpearthrowerOwl]

23. I guess Texas has finally made it to third world status

[Paladin]

38. I guess the 3.3 million Texans who voted for Obama don't count with you....

...so you feel free to talk shit like that. You might as well---it's not as if rabid Texas-hating ever gets punished, here at DU.....

[SpearthrowerOwl]

41. I live in Texas (Houston)

..and have all my life. I'm not worried about which faction of the business party Texans on average vote for. Before corporate radio/media brainwashing everyone daily, Texas was in the lead of the major leftwing populist movement in the late 19th and early 20th century (it started with farmers in the hill country and spread nationwide, not to say that there weren't other important movements nationwide..) Any movement to the left will simply return Texas to this glory. Indeed, I have a certain pleasure and respect for Texas few would understand these days.

I don't mind the misunderstanding, what you say is often true amongst many establishment Democrats on these forums and others.

[Paladin]

42. Fair enough. Apologies for any misunderstandings. (nt)

[cosmicone]

24. I'll stick to my Samsung thank you. n/t

[onehandle]

27. So 100% of your money goes to Korea and China.

Ok...

[Xithras]

36. Samsung, unlike Apple, actually manufactures in the U.S.

And none of this "Made in China, but Assembled in America" BS. The've sunk $13 billion into actual U.S. manufacturing facilities...just since 2010...right here on U.S. soil.

In fact, ironically enough, the A6 CPU that drives the modern iPad is manufactured by Samsung in Austin Texas. It's pretty much the ONLY component in an iPad that is "American Made". Samsung makes the chips in Texas and ships them to China so that Apple can include them in their devices.

[melm00se]

32. it so they can make

TAA compliant MACs to sell to the federal government

[ConcernedCanuk]

33. "USA Mac will be assembled in Texas" - assembled -

.
.
.

not manufactured.

I'll bet when ya open it up,

most of the components are made across the ocean.

"Made in the USA" is pretty much passe methinks;

as is "Made in Canada"

sad . . .

(sigh)

CC