Apple, Trump and iPhone
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Apple CEO Tim Cook personally called Texas Governor Greg Abbott urging him to veto legislation requiring age verification for the App Store, escalating the tech industry's battle over child safety regulation.
Apple’s CEO called Texas Gov. Greg Abbott after law passed requiring app stores to verify user ages.
Apple CEO Tim Cook personally called Republican Texas Gov. Greg Abbott to lobbying against an online child safety bill currently under consideration in the state.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
President Trump threatened tariffs on Apple iPhones in an effort to boost domestic production. Analysts said manufacturing the phones in the U.S. would increase costs significantly.
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Apple may find it hard to make iPhones in the U.S. because it’s expensive, and the U.S. doesn’t have enough skilled workers. The company depends heavily on suppliers in China and India, where most of its production is already set up.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.The iPhone maker was the biggest company in the world at the start of May,
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Gene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Apple's and Google's recent stock performance and possible headwinds both tech giants are facing.