Apple Flashcards
(15 cards)
Where does the R&D/programming get done
Its headquarters are based in Cupertino, California. This is where much of the programming is done
How many people does apple employ in the USA
- Around 90,000
- 6,000 people are employed in Texas for Mac Pro assembly
Where is the eu headquarters
Cork island - Ireland
For lower tax reasons
What is Apple
A US-based TNC known for designing and selling electronics like iPhones, iPads, and MacBooks
How large is Apple
One of the largest TNCs in the world
Valued at over $2 trillion
Operating in over 100 countries
Who does apples manufacturing
Mostly outsourced to China, particularly Foxconn factories in Shenzhen and Zhengzhou
Positive economic impacts of Apple
•Jobs created (4.8 million jobs in China, Foxconn is chinas largest private employer of 1.3 million)
•Boost to China’s exports and economy
•Tax revenue in countries with Apple stores
Negative economic impacts of Apple
•Accusations of tax avoidance e.g. using Ireland as a low-tax base
•Profits repatriated to the US
•Poor working conditions in some supplier factories (e.g. long hours, low pay at Foxconn)
Social and environmental criticisms
•Exploitation of labour, suicides at Foxconn, child labour allegations in mineral mining
•E-waste issues – frequent product upgrades create electronic waste
•Environmental costs from energy use, mining of rare earths, and carbon emissions
Apple and global governance
•Accused of avoiding corporate tax using subsidiaries in Ireland and elsewhere
•Faced EU investigation and pressure to repay €13 billion in unpaid taxes
How many suicudes were there in 2010
14
What is Ireland corporate tax
12.5% one of the lowest in the eu
Apple made deals with the Irish government allowing it to pay as little as 0.005% tax on European profits at one point
Working conditions - Foxconn
Most workers live on site
Wages around $150-200/month
Workers regularly working over 60 hour/week
Student and child labour-employees under 18 are subject to the same conditions
Environmental issues
Criticism from greenpeace
Use of toxic chemicals in manufacturing
Reliance on non renewable resources
Chinese factories discharge pollutants
Lack of recyclability
Apple response environment
Launching ‘green my apple’
Now uses 75% renewable energy
Investment in large solar farms
Removed pvc plastics and brominats chemicals