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Apple (AAPL) To Shift Some Mac Production To US, Says CEO Cook

 December 06, 2012 11:05 AM
 


(By Balaseshan) Apple Inc. (NASDAQ: AAPL) Chief Executive Tim Cook said in an interview with NBC that the tech giant will manufacture one of the existing Mac computers in the U.S. next year.

In his first broadcast broadcast interview with NBC's Brian Williams since taking over from Steve Jobs, Cook said the company had been working on "doing more and more" in the country. Jobs died on October 5, 2011, after a long battle with pancreatic cancer.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

Cook noted that key components in Apple products such as the iPhone were already manufactured in the U.S. but were then shipped out to be assembled, the BBC reported citing NBC's interview.

Cook told Williams that Apple was indirectly responsible for creating more than 600,000 jobs in the U.S. through retail stores, research and development and third-party app developers.

Apple plans to spend more than $100 million next year on building Mac computers in the U.S., shifting a small portion of manufacturing away from China, according to the Bloomberg.

"Next year we're going to bring some production to the U.S. This doesn't mean that Apple will do it ourselves, but we'll be working with people and we'll be investing our money," Cook said in an interview with Bloomberg Businessweek.

[Related -Apple Inc. (NASDAQ:AAPL): Why Gross Margins Will Expand In 2014 and Beyond?]

While Cook didn't outline where the manufacturing would happen or how much would be produced in the U.S., he told Bloomberg Businessweek that the company will work with partners and that the operations would include more than just final assembly.

AAPL is trading up 0.90% at $543.63 on Thursday. The stock has been trading between $377.68 and $705.07 for the past 52 weeks.

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