Apple Inc. Optimistic about the Post-Brexit United Kingdom

Company - Pavan Pandey - Feb 10,2017

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apple inc optimistic about the post brexit united kingdom

According to the California-based technology company, Apple Inc., it is quite optimistic about the United Kingdom future post-Brexit.

The Chief Executive Officer of Apple, Tim Cook, met the Prime Minister Theresa May at Downing Street and stated that he thought the Britain would be “just fine” outside the EU (European Union).

The US tech company, Apple, plans to construct a new UK headquarters at the Battersea Power station in South London – housing approximately 1600 workforce.

The CEO of Apple, Tim Cook also stated that the tech corporation’s enlargement plans were evidence of its commitment to the Britain amid pressure on some major corporations to offshore operations to the continent, especially in the financial service division, to strengthen their existence in the European Union.

He also added that the company is doubling down on a huge headquarters in the Battersea area and Apple is leaving significant space there to expand.

However, at his meeting with UK Prime Minister, Mr. Time Cook stated that the company is a big believer in the Britain.

Mr. Cook made his comments on Brexit weeks after Apple Inc. completed its latest price rises in the Britain to account for the fall in the value of the pound against the US dollar since the EU referendum.
 
Tim Cook comments came as the United States Chamber of Commerce stated that the US companies had been delaying their United Kingdom investment pronouncements.

The head of international affairs of US Chamber of Commerce, Mr. Myron Brilliant, stated that the firms were concerned about future trade guidelines.

He further stated that they thought there could new regulatory challenges once the United Kingdom was no longer a member of the European Union.

In a statement, Apple Inc. added that Tim Cook had a very positive meeting with the Prime Minister of UK, discussing Apple’s continued investment in the Britain.

Apple further added that the company is proud that its innovation and development now help approximately 300,000 employments across the United Kingdom.