360° Coverage : Obama Gives Shout-Out To Apple During State Of The Union

1 Updates
Obama Gives Shout-Out To Apple During State Of The Union
Photo Credit: Getty Images

Obama Gives Shout-Out To Apple During State Of The Union

Feb 13 2013, 10:16am CST | by

Praises initiative to bring jobs to US

Last night, President Obama gave one of his many high-concept speeches to the nation at large, he made sure to mention at least a couple specific companies as beacons of the US economy. And guess...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Obama Gives Shout-Out To Apple During State Of The Union

Feb 13 2013, 10:16am CST | by

Praises initiative to bring jobs to US

Last night, President Obama gave one of his many high-concept speeches to the nation at large, he made sure to mention at least a couple specific companies as beacons of the US economy. And guess what? Apple was one of them.

In his speech, Obama noted, "This year, Apple will start making Macs in America again." It was the part of the speech in which the president talked about how bringing manufacturing back to the United States was of paramount importance.

Obama also mentioned the companies Caterpillar, Ford, and Intel as examples of corporate titans who were bringing jobs back to the country after first shipping them overseas.

Of course, in the tech world, the reference that made the biggest wave was Apple. The company has actually been in decline for the last few months, stepping down from its brief time as the most valuable company in the world.

Nevertheless, Obama wanted to make sure Apple got the nod it was owed. In fact, CEO Tim Cook was actually in the audience in Washington, DC, sitting next to none other than Michelle Obama.

Cook first announced the plan to bring more jobs back to the US in December, saying it would cost the company about $100 million to do so.

It's part of a still unraveling plan to put the company back on an upward swing. Even though the stock price has fallen off a cliff, it's still sitting atop a much higher cliff than most companies can dream of, so there is certainly still an opportunity to push the momentum back in the other direction.

Via Cnet

 

Don't miss ...

 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

blog comments powered by Disqus

Latest stories

Apple Ditches SSL 3.0
Apple Ditches SSL 3.0
Apple is switching to TLS encryption after new vulnerabilities
 
 
Early Apple Computer Sells For Near $1 Million
Early Apple Computer Sells For Near $1 Million
The Apple 1 sale far exceeded expectations
 
 
Another Patent Troll Falls To Apple
Another Patent Troll Falls To Apple
The Cupertino company has dealt with another company claiming patent infringement
 
 
Apple and GT Part Ways
Apple and GT Part Ways
The Cupertino company has parted ways with their sapphire provider
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla