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Apple says it will add $350 billion to US economy in next five years

Apple CEO Tim Cook
Apple CEO Tim Cook (Photo: Justin Sullivan/Getty Images)

Apple plans to open a second corporate campus as part of a broader plan to "directly contribute" $350 billion to the U.S. economy over the next five years, a figure that doesn't include its regular taxes, tax revenue from the wages it plays employees or the sale of Apple products.

Why it matters: While it manufactures nearly all its products outside the U.S., Apple has been eager to show how much it contributes domestically including all the developers, Apple suppliers and contract manufacturers that are based here.