APPLE Flashcards
How Many Employed?
Over 1 million indirectly worldwide
Positive Impacts - Nigeria
65,000 direct and 250,000 indirect employees in Nigeria
1/3 of Nigerias economy
Spent over $1 Billion on Nigeria’s infrastructure
Negative Impacts - China
Use China for cheap labour and then sell products made in highly developed countries
In China, average salary is only $9100
High working hours - can be roughly 70 hours a week
Long hours and accusations of child labour
How much is the company worth? Where does this rank it worldwide (companies)?
Worth over $2 Trillion
3rd biggest company in the world
Positive Impacts - Global
500 stores in 25 countries
Beginning to increase operations in lower developed countries - China and India
Negative Impacts - Global + Nigeria
50% of stores in the USA
14 suicides in one factory in 2010
In Nigeria, Vast majority of top jobs not given to Nigerians
Use developing countries for cheap labour and then sell products to higher paying highly developed countries