Thursday Tech Wrap: Apple, Google, Facebook

Author: Parmy Olson / Source: Forbes

Samsung Will Be Apple’s Top Supplier For iPhones Again In 2017

Tim Cook has said that Apple will start a $1 billion fund to promote advanced manufacturing jobs in the United States. The iPhone maker’s chief executive revealed the news on CNBC’s “Mad Money” and said that Apple would announce its first investment in a company later this month.

“If we can create many manufacturing jobs, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them,” Cook added.

New York Times technology writer Mike Isaac

Twitter

, “someone convince me this isn’t pure PR/presidential buttering up.” Bringing manufacturing jobs back to the U.S. was a major part of U.S. President Donald Trump’s mandate coming into office.

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Facebook reported another blowout quarter on Wednesday, Forbes’ Kathleen Chaykowski reports. Sales beat analysts’ estimates, rising 49% on an annual basis to $8 billion. It’s the eighth quarter in a row that Facebook has surpassed Wall Street forecasts. Mobile ad revenue represented a whopping 85% of total ad sales in the quarter, up from 82% last year.

The company earned $3.1 billion in profit for the quarter, up 76%…

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