Apple Supports Republicans Despite Disliking Trump: Cook To Host Fundraiser For Paul Ryan

Even though Apple Inc. AAPL does not like Donald Trump, and has recently decided to pull support for the GOP convention due to this, the tech behemoth’s top management team seems to still like Republicans.

According to POLITICO, in an attempt to make amends and further its relationships with some of the main Republican politicians, Apple’s CEO Tim Cook will be hosting a fundraiser with House Speaker Paul Ryan next Tuesday, June 28. According to the political news site, Cook and Gary Wipfler, the company’s treasurer, will be raising cash for Ryan and other House Republicansat a private breakfast in California.

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However, it should be noted that unlike other tech giants including Alphabet Inc GOOGL GOOG and Facebook Inc FB, Apple does not count with a corporate political action committee. This means that “Cook is hosting the fundraiser on his own accord,” POLITICO’s Tony Romm explained. “Still, the move reflects Apple’s desire to court Republican and Democratic officeholders alike, even at a time when it has serious reservations about Trump, the GOP's presumptive presidential nominee,” he added.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.