Apple Flashcards

1
Q

Where are most Apple retail outlets located?

A
  • HICs; mainly Europe, North America, Japan
  • some in BRIC MINT, eg. China
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2
Q

Why are most Apple stores located in wealthier countries?

A

as higher disposable income, so more people buy the higher value product

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3
Q

Why might Apple have locations in the EU/North America?

A

trade agreements/trade blocs that allow the movement of goods with limited barriers to trade

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4
Q

What is the current value of Apple?

A

US$2.3 trillion

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5
Q

How many full-time employees does Apple employ? Why is this positive?

A

161,000
provides jobs and income stability

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6
Q

How many total employees (indirect and direct) does Apple have? Why is this positive?

A

164,000
money goes to locals in LICs (eg Raw Materials in DRC)

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7
Q

How many retail stores does Apple have?

A

520+

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8
Q

Why is Apple’s innovation and marketing a benefit?

A

attracts new customers, leads to employment in quaternary sector

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9
Q

How many people are employed directly by the sales HQ in Cork, Ireland?

A

4,000

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10
Q

How much did apple increase market size by when they opened retail outlets in China?

A

600m

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10
Q

Why is Apple based in Silicon Valley?

A
  • access to NAFTA/USMCA
  • high tech area, attracts skilled workers –> more productive
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11
Q

Why does Apple outsource production? to where?

A
  • cheaper labour
  • less tax
  • access to markets
  • outsourced to Foxconn, China
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12
Q

What is a special economic zone?

A

an areas that allows businesses to set up easier, for example, by reducing land costs or tax, or providing infrastructure

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13
Q

What is the corporation tax in Cork, Ireland?

A

12.5%

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14
Q

How many people are indirectly employed by Apple in Cork, Ireland?

A

2,500

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15
Q

What is Apple doing locally in Cork?

A

R+D, access to education

16
Q

Why might setting up HQs in Ireland be negative?

A

leads to foreign nationals leaving home for hi-tech, well paid work; preventing development in these countries

17
Q

How does the EU make working in Cork, Ireland easier?

A

Schengen Agreements, people can easily move to Cork for work

18
Q

How do Apple increase trade and market size by locating in Cork, Ireland?

A

access to common market of EU, no barriers to trade

19
Q

How many suicides occurred due to Apple working conditions and in what year?

A

14 suicides in 2010

20
Q

How much do Foxconn workers earn per hour?

A

$1.20 (above China minimum wage)

21
Q

How much of the world’s cobalt comes from DRC?

A

70%

22
Q

How might Apple change in the future?

A
  • become more green
  • closed loop manufacturing
  • eg using recycled cobalt in batteries for iPhone 15
23
Q

When did Apple start?

A

1976

24
Q

How much has Apple invested into its Cork HQ?

A

220 million euros

25
Q

How many jobs does Apple support across Europe (including direct and indirect and jobs through the App Store)

A

1.76 million (most through the App Store)

26
Q

How many workers were poisoned by n-hexane as a result of manufacturing products for Apple?

A

137 workers at the Suzhou facility of Wintek