Apple Inc. critic – Donald Trump – has made a point of pounding the iPhone maker over its battle with the FBI, and even called for a boycott of Apple products until they helped the FBI in unlocking the iPhone of one of the San Bernardino, CA shooters. However, Trump himself is pretty bullish on Apple, and holds somewhere between $1.1m and $2.25m in Apple stock, as per a financial disclosure report spotted by the AP. He may not be buying Apple iPhones but he’s happy to own their stock.
Hates Apple, but invests in it
On Wednesday, the presumptive Republican nominee released a 104-page financial disclosure, detailing the stakes in many companies that he has bashed, including Ford, Amazon and Apple.
As per his financial statements, his position in the Apple Inc. is particularly sizable, and he owns between $1.1m and $2.25m of the company through multiple investments. In 2014, he had a stake worth nearly $6m. Therefore, the stake has clearly declined, but it is not certain, if it declined because Trump sold his shares or it was the stock losses.
Previously, at a rally at a town hall event in South Carolina, Trump weighed in on the legal battle between the iPhone maker with the FBI. “What I think you ought to do is boycott Apple until such time as they give that security number. How do you like that? I just thought of that!”
Nevertheless, Trump did not officially called off the boycott, and the authorities (FBI) were able to hack into the shooter’s phone eventually without any help from the Silicon Valley giant.
Other firms that faced Trump’s brunt
It is not the first time that Trump has pushed for boycotts against companies he does not like. He has hit on Ford for manufacturing in Mexico and Disney for its use of foreign labor. Apple also faced Trump’s criticisms for outsourcing jobs.
Trump, who also bashed Ford for outsourcing jobs, still owns Ford bonds, which are worth between $500,000 and $1m. He didn’t even leave the Oreo Cookies, questioning where they were made. He criticized the international plans of its parent company Mondelez, which planned to shut down a Chicago factory and eliminate 600 jobs to move its operations to Mexico.
As per the documents, Trump offloaded his investment in Mondelez after that, but he did earned between $5,000 and $15,000 in interest. Trump also campaigned against the companies who cleverly try to get around taxes. There is a provision in his tax plan that would require companies to repatriate the cash kept overseas. Apple Inc. is seen as a big offender, hoarding a portion of cash pile – $200bn – outside the US borders.
Amazon too has been criticized by Trump. Recently, Trump bashed the online retailing giant for “getting away with murder” on taxes. Trump probably forgot the amount – $50,000 to $100,000 – he owns in Amazon stock.