Apple Flashcards
Where are most Apple retail outlets located?
- HICs; mainly Europe, North America, Japan
- some in BRIC MINT, eg. China
Why are most Apple stores located in wealthier countries?
as higher disposable income, so more people buy the higher value product
Why might Apple have locations in the EU/North America?
trade agreements/trade blocs that allow the movement of goods with limited barriers to trade
What is the current value of Apple?
US$2.3 trillion
How many full-time employees does Apple employ? Why is this positive?
98,000
provides jobs and income stability
How many total employees (indirect and direct) does Apple have? Why is this positive?
164,000
money goes to locals in LICs (eg Raw Materials in DRC)
How many retail stores does Apple have?
528 in 26 countries
Why is Apple’s innovation and marketing a benefit?
attracts new customers, leads to employment in quaternary sector
How many people are employed directly by the sales HQ in Cork, Ireland?
4,000
Why is Apple based in Silicon Valley?
- access to NAFTA/USMCA
- high tech area, attracts skilled workers –> more productive
Why does Apple outsource production? to where?
- cheaper labour
- less tax
- access to markets
- outsourced to Foxconn, China
What is a special economic zone?
an areas that allows businesses to set up easier, for example, by reducing land costs or tax, or providing infrastructure
What is the corporation tax in Cork, Ireland?
12.5%
How many people are indirectly employed by Apple in Cork, Ireland?
2,500
What is Apple doing locally in Cork?
R+D, access to education
Why might setting up HQs in Ireland be negative?
leads to foreign nationals leaving home for hi-tech, well paid work; preventing development in these countries
How does the EU make working in Cork, Ireland easier?
Schengen Agreements, people can easily move to Cork for work
How do Apple increase trade and market size by locating in Cork, Ireland?
access to common market of EU, no barriers to trade
How many suicides occurred due to Apple working conditions and in what year?
14 suicides in 2010
How much do Foxconn workers earn per hour?
$1.20 (above China minimum wage)
How much of the world’s cobalt comes from DRC?
70%
How might Apple change in the future?
- become more green
- closed loop manufacturing
- eg using recycled cobalt in batteries for iPhone 15
When did Apple start?
1976
How much has Apple invested into its Cork HQ?
220 million euros
