Apple says it spent US$50bil last year with US suppliers

FILE PHOTO: The Apple logo is seen on a computer screen in this illustration photo taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau

CUPERTINO, California: Apple spent roughly US$50bil (RM222.37bil) last year at US-based suppliers including 3M and Corning, chief executive Tim Cook said on Feb 28, stressing the iPhone-maker's commitment to US manufacturing. 

Speaking at an annual shareholder meeting, Cook gave the previously undisclosed data at a time when Apple has come under pressure from President Donald Trump for building its iPhones in China. Apple also wants to work with Trump on issues like bringing back its offshore profits at lower tax rates.