Just a sample of what is found on this site. Posted By admin on Jul 21, 2013 | 0 comments Apple. Simply put Apple is one of the most powerful companies in the world. And they sure do have the money to prove it. In FY of 2010 they made $14.01 billion dollars in profit (NOT total sales) And it’s only getting better: This year they expect to more then double that. Just a few days ago Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. Apple’s $7.3 billion in total earnings was a record for the company, and came with record quarterly sales for both the iPhone (20.3 million units) and iPad (9.3 million). To be fair (and we really always try to be) Apple hires a lot of people in the US. As of July 2011 Apple has 237 Stores in the United States with more in the works. In addition after their done building their new headquarters in California they will have 12,000 full time employes at their new campus. Apple does hire Americans. And while a lot of those are retail jobs it is worth noting Apple does pay some engineers 6 and 7 figures per year. Our best guess based on the information we have available to us is Apple hires somewhere in the neighborhood of 27,000 Americans. Which brings us to the big issue. Manufacturing. Let’s start with the number that should get your attention: 920,000 jobs That’s the number of employees Foxconn has as of 2010. You might not have ever heard of Foxconn however We’ll bet you’ve bought some of their stuff before. Yea. In one campus….ONE CAMPUS. Foxconn has 300,000to 450,000 workers which are employed in Shenzhen China at the Longhua Science & Technology Park, a cramped, walled campus sometimes referred to as “Foxconn City”or “iPod City”. Covering about 1.16 square miles (3 square km),it includes 15 factories, worker dormitories, a swimming pool, a fire brigade,and a downtowncomplete with a grocery store, bank, restaurants, bookstore, and hospital. While some workers live in surrounding towns and villages, others live and work inside the complex, which broadcasts its own television network, Foxconn TV. These 400,000+ Employees make everything Apple sells. Look on the back of your Apple product it will say: “”Designed by Apple in California Assembled in China.” We argue it should say “manufactured in China” not just “assembled” but we won’t get into that. One has to ask the question: How much less money would Apple make if those 400,000+ manufacturing jobs were based in the USA. A billion less? Two? FIVE? So instead of making 14 billion last year they would have only made roughly 10 billion in profit. Or this year Instead of being on pace for 30 billion they would only make 25 billion in profit?? What kind of impact would almost a half a million manufacturing jobs have in the U.S. economy? In addition how many of those newly employed American Apple employees would buy MORE Apple products?
Posted on: Mon, 05 Aug 2013 19:59:18 +0000
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