Apple Inc. (NASDAQ:AAPL) products are not only loved by many U.S. consumers, they’re also great for the U.S. economy, according to various research studies. CEO Tim Cook was invited to sit with Mrs. Obama for the State of the Union earlier this year, to discuss the amount of jobs the company was adding to the economy. Both Apple Inc. (NASDAQ:AAPL) and Intel Corporation (NASDAQ:INTC) were evenly commended by the president in the State of the Union.
The tech giant issued a statement this week with a full rundown of just how many jobs it has either created or supported in the U.S. economy. First, almost 300,000 jobs were created since the iPhone was introduced back in 2007, thanks to the App Store. Apple Inc. (NASDAQ:AAPL) said it has paid out over $8 billion to app developers through the store. The App Store hit a major milestone earlier this year: 40 billion downloads since its inception.
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Meanwhile Apple Inc. (NASDAQ:AAPL) itself has also added thousands of jobs in the U.S., quadrupling its workforce over the last 10 years. A study conducted by Analysis Group a year ago indicated that Apple Inc. (NASDAQ:AAPL) has either directly or indirectly created more than 300,000 jobs in the U.S. When combining that number with the number of jobs created because of the App Store, Apple Inc. (NASDAQ:AAPL) has helped create almost 600,000 jobs in the U.S. economy.
Apple Inc. (NASDAQ:AAPL) also touted a number of other elements of its job creation statistics. It reports that each of its U.S. retail stores have an average of over 100 employees, most of whom work full time. The company also said part time employees receive the same benefits as full time employees do.