President Donald Trump twitted Friday night he would have Apple CEO Tim Cook over dinner, noting the company “will be spending huge money in U.S”. The dinner comes on the heels of a tumultuous week for China which manufactures product like iPhone. The Wall Street Journal reported in June that Apple was planning to move production of its Mac Pro computer to the red giant.
On Thursday, Apple reported contributions to the economy, noting it employs some 2.4 million people across the U.S. Its total employment number is now four times larger than it was just four years ago. The company said it hopes to create another 20,000 jobs by 2023.
Apple has recently seen a downturn in its quarterly earnings, reporting a 6.6 percent decrease from its previous report. However, the stock has managed to remain strong given the recent market condition and the ghost of trade woes with China. For the year stock is up 30.9 percent and only four of 41 analysts have a sell call on the company. Apple still the most cash rich company compared to any other company in the U.S.