rtmark
LearnBonds.com

Makers of iPhone 7 Back Clinton, Show No Love For Trump: Apple Inc. (AAPL)

President Donald Trump - Stock Market

Apple Inc. is backing Democrat front-runner Hilary Clinton in her bid to win the country over and become America’s next president. News around this time of the year usually has to do with the tech company’s Fall releases. The next Apple Watch and iPhone 7 are expected this September. In the midst of the company’s political hype, however, even America’s most successful company has to pick as side. It has become clear that Tim Cook and co. have opted to rally behind Clinton.

News about Apple’s Tim Cook came to the fore this week. Reports claim that the CEO is holding a fundraiser for Hilary Clinton. The event should take place next month on August 24th. It will be hosted along with the iPhone maker’s VP, Lisa Jackson, in the aim of drawing money for the Clinton campaign.

Apple inc tim cook wwdc 2015 watchApple inc tim cook wwdc 2015

Buzzfeed reports that Apple will be gathering support for nearly 40 Democratic parties. The Democratic National Committee will also gain from the event.

Apple stands against Trump

The consumer tech giant doesn’t appear to be neutral when it comes to who should be seated next in the Oval office. Apple has refused to support Republican front-runner and billionaire Donald Trump before. It recently declined to donate cash or technical support in aid of Republican convention held in Cleveland earlier.

Trump played a loud role in the FBI scandal that surrounded Apple Inc. earlier this year. He rallied a boycott of the tech firm’s products a few months back. His actions weighed intensely negative connotations on Apple’s stance against the federal government. Apple refused to undermine its own security encryption when the FBI asked it to.  The company was seen as the only thing standing in the way of justice for the San Bernardino victims at the height of the scandal. The the only reason being that gunman was in possession of a locked iPhone.

Clinton wins corporate America

Clinton’s chief rival for the presidency has failed to score the favor of corporate America. His comments on restrictive trade laws, immigration policy and personal jabs at top company leaders has made him unfavorable to most of America’s high-end businesses.

The technology sector is most against Trump. His views on consumer privacy and encryption do not align to the values of Apple and others like it. But tech giants have sent a lot cash in the former Secretary of State’s direction. Research shows that Hillary Clinton raked in nearly $3.3 million from the technology industry. On the other hand has only gathered about $117,000 from the same crowd.

Tim Cook’s personal hosting of the Apple Inc. fundraiser is huge sign of Hillary Clinton’s favor among corporate America. The Barack Obama-endorsed campaigner has had this used to her disadvantage though. Her presidency suggests the rise of corporate influence and the oppression of the average consumer.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar
X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com