Apple Inc. (AAPL) Boasts About Contribution in Domestic Job Creation, Puts App Store Sales in Spotlight

Apple (AAPL)

The shares of Apple Inc. (NASDAQ:AAPL) rose nearly 4 percent closing at $111.89 after the company announced impressive sales figures for its app store. The iPhone maker took the opportunity to get back to its critics by highlighting its job creation figures in the U.S., which reached 1.03 million until date.

Prior to it, the iPhone maker announced a new App store sales record with customers spending up to half a billion during the first week of 2015. At the same time, 2014 results were equally impressive with over $10 billion generated in revenue from the app store and Apple Inc. (NASDAQ:AAPL) recorded 50 percent increase in its billing.

Eddy Cue, senior vice president of Internet Software and Services for Apple, said,

“This year is off to a tremendous start after a record-breaking year for the Apple app store and our developer community. We’re so proud of the creativity and innovation developers bring to the apps they create for iOS users and that the developer community has now earned over $25 billion.”

Apple (AAPL)

While talking about its contribution towards job creation in the U.S., Apple said that over 627,000 jobs have been created with the development of applications for its smartphone and tablet users. At the same time, 334,000 more jobs were created with the higher spending and growth of the iPad maker. Adding to the list, Apple Inc. (NASDAQ:AAPL) offers direct employment to 66,000 individuals in the U.S. and the announcement came just a day before the U.S. Labor Department is about to release private payroll job data.

The iPhone maker has faced criticism for hiring foreign workforce to lower down labor costs but the company is trying to alter its image. Apple invested nearly $100 million to start a Mac Pro assembly plant in Austin, Texas. Considering the massive app store employment opportunities developed within the Apple ecosystem, Apple Inc. (NASDAQ:AAPL) has its fair share of supporters as well.

This article has been written by Prakash Pandey.

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