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TechDonald Trump

Donald Trump Owns Apple Stock, Despite Calls for iPhone Boycott

By
Don Reisinger
Don Reisinger
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By
Don Reisinger
Don Reisinger
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May 20, 2016, 1:02 PM ET

Presumptive Republican presidential nominee Donald Trump has attacked Apple on a number of fronts, going to far as to call for a boycott Apple’s products after it refused to help law enforcement unlock an iPhone used by one of the San Bernardino terrorists.

But it turns out that the billionaire is perfectly happy with Apple on one front: Its stock. He owns $1.1 million to $2.25 million of shares in the tech giant, according to a personal financial report Trump filed with the Federal Election Commission and reported on by CNET.

Whether Trump even knows that he owns Apple stock is unknown, since many in his position use financial advisers who make certain investment decisions on their clients’ behalf. However, it illustrates one of many conflicts about Trump since his presidential bid started last year.

On one hand, as an Apple shareholder, he would seemingly want to see Apple succeed. But on the other, he’s called on people to stop using the company’s products.

In February, during the height of the legal face off between Apple and the FBI, Trump started a tweet tirade against Apple, a seemingly favorite tactic of his. He acknowledged that he used the iPhone, but warned that he could change his mind if Apple didn’t back down (which, of course, it didn’t).

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“I use both iPhone and Samsung,” Trump tweeted. “If Apple doesn’t give info to authorities on the terrorists I’ll only be using Samsung until they give info.”

His tweets came after Trump said in a speech at Liberty University in January that he would get Apple to move its production from China to the U.S.

“We’re going to get Apple to build their damn computers in this country instead of other countries,” he said at the time, according to the Huffington Post. The issue, however, is that Apple already builds some of its computers in the U.S., including all of its Mac Pro desktops, and says it will continue to bring back more manufacturing jobs to the country.

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That said, he did say that he’d go back to Apple products after the San Bernardino row was over, so perhaps his troubles with Apple (AAPL) have been set aside. Now, he’s now just a loyal shareholder and perhaps a happy iPhone owner.

About the Author
By Don Reisinger
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