Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple CEO Tim Cook: Here’s What He Thinks About U.S. Production

Apple CEO Tim Cook: When it comes to Apple Inc. (NASDAQ:AAPL) overseas business practices, many people often times find it easy to take shots at Cupertino. While the company has caught a lot of heat for a variety of reasons, CEO Tim Cook is serious about letting people know that its tax practices are 100 percent legal.

As noted by, Apple is facing a growing amount of scrutiny for its decision to stash “more than $100 billion overseas.”

Tim CookWhile some may see this as a big problem, Apple Inc. (NASDAQ:AAPL) views it as an opportunity to legally save money. And that is exactly what the company is doing.

However, Tim Cook is taking things one-step further. He is personally heading to Washington to testify before a panel of senators regarding the company’s tax practices. This is an interesting move for a company that doesn’t have much of a presence in Washington.

In a recent interview with POLITICO, Cook added the following:

“We don’t have a large presence in Washington, as you probably know, but we care deeply about public policy and believe creative policy can be a huge catalyst for a better society and a stronger economy.”

It is refreshing to see a CEO, such as Apple Inc. (NASDAQ:AAPL)’s Cook, get out there and explain what is going on.

In addition to saying “we pay taxes on all the products we sell in the U.S., and we pay every dollar that we owe,” Cook went on to add that the company is actually trying to bring business back to the United States.

He has been vocal in a $100 million investment that the company is making in domestic manufacturing. Apple is going to produce “a new version of a current Mac product later this year.” Best yet, it is going to be manufactured in the United States.

Cook mentioned a variety of states that will be part of the project, including Arizona, Texas, and Florida among others.

This is a big change for Apple Inc. (NASDAQ:AAPL), as most are aware that the company outsources quite a bit of its production to overseas facilities.

While some continue to fight against Apple, believing that the company is stashing cash offshore, CEO Tim Cook is firing back with hopes of showing that it is doing everything the right way.

We will keep you updated on this story as more information becomes available.

How do you feel about Apple Inc. (NASDAQ:AAPL) putting so much money into domestic manufacturing?

Check back here for more updates on Apple CEO Tim Cook.

For more news stories, visit these pages:

At Apple, More Evidence Steve Jobs’ Legacy Is Intact

What You Might Not Know About Carl Icahn’s New Stock Pick

Now We Know Why Julian Robertson Sold Apple Earlier This Year

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!