Apple Inc. Flashcards
(18 cards)
When was Apple founded?
1976
Where is the Apple headquarters?
California
How many countries does Apple operate in?
Over 100 countries
In 2023, Apple was worth how much?
$3 trillion
Where is Apple mainly conducted?
Silicon Valley USA
Where are Apple components made?
Parts from multiple countries.
South Korea - displays
Japan - camera tech
Germany - chips
USA - processers
Where does Apple assembly take place?
China. Especially Foxconn
How many countries have apple stores?
Over 25 countries
How does Apple benefit the USA (home country)?
High skilled jobs.
Massive corporate profits.
How does Apple benefit consumers?
Advanced, reliable tech products.
Global brand with consistent quality
What are the criticisms of Apple?
Labour exploitation
Environmental impact
Tax avoidance
Global inequality
How is labour exploitation a criticism of Apple?
Foxconn factories:
- Low wages
- long work hours
- poor living conditions
- worker suicides
How is environmental impact a criticism of Apple?
Mining for rare earths and components (lithium, cobalt) in LICs like DRC.
E-waste issues - promotes a throwaway culture.
High carbon footprint
How is tax avoidance a criticism of Apple?
Apple has used Ireland, Netherlands and offshore havens (e.g. Bermuda) to reduce tax.
Accused of avoiding billions in corporate tax.
In 2016, EU ordered Apple to pay $13bn back to Ireland
How is global inequality a criticism of Apple?
Vast profits go to shareholders.
Workers in LICs/NEEs only early fraction.
High value –> remain in west
How is governance and regulation involved in the Apple industry?
International governance challenges.
Role of NGOs and media
What are the international governance challenges of the Apple industry?
Labour rights and working conditions depend on local laws, often weaker in LICs.
Lack of enforceable global labour standards enables exploitation.
What are the roles of NGOs and media in the Apple industry?
Organisations like China labour watch have exposed abuses.
Documentaries e.g. BBC panorama “Apple’s broken promises” increase pressure
