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Apple plans to spend another $100 billion on domestic manufacturing in a move to increase production in the United States, Bloomberg reported on Wednesday.
The report added that President Donald Trump will soon make an announcement regarding the same in the presence of chief executive Tim Cook.
The development comes after Cook, in an internal meeting with employees, highlighted that the company will take a $1.1 billion hit this quarter due to Trump-era tariffs, even as App Store revenue surged in double digits last quarter despite regulatory pressure…
