Apple Flashcards
Where is Apples HQ?
Cupertino, Northern California
When Apple did start business?
1976
What happened since 2000?
Apple has experienced phenomenal growth because of its development of mobile and wifi devices.
What happened to Apple in 2019?
It became the world’s:
- Largest IT company by revenue
- Third largest mobile phone manufacturer
- Number 1 global brand by value ($234 billion)
How many employees does Apple have?
137,000
How many retail stores does Apple have in how many countries?
510 retail stores in 22 countries
How many employees does Apple have in all 50 states across the USA?
90,000
Why is Shenzen so popular with TNCs?
Shenzen is the location of China’s first and most successful SPECIAL ECONOMIC ZONE.
(SEZ)
What does SEZ stand for?
Special economic zone
What are some of the benefits of an SEZ?
- Tax incentives (reduced corporate income tax rate by 24%)
- Infrastructure development
- Cheap labour
Tax is the main one
What has Shenzen’s population growth been like since the 1980s when it was made an SEZ.
1980 - 332,900
2023 - 13,073,000
How many employees does FOXCONN have working on Apple products in China?
1.3 million
What are the working conditions and pay like at FOXCONN?
Working conditions are extremely poor and employees earn around $300 per month.
What has the poor working conditions and low pay lead to?
14 suicides in 2010
Suicide nets were put up all over accommodation after this happened as most people live on site.
What are some specific issues with the working conditions?
Workers in FOXCONN factories producing Apple products have been exposed to toxic chemicals used to clean the products.
Earplugs and goggles were not always available to workers on certain machinery making work dangerous.
In 2017 student interns were found working excessive hours against FOXCONN policies.