Apple Flashcards

1
Q

What is Apple Inc.?

A

A US transnational electronic technology corporation headquartered in Cupertino, California.

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2
Q

Who founded Apple Inc.?

A

Steve Jobs, Steve Wozniak, and Ronald Wayne in 1975.

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3
Q

What record did Apple’s iPhone revenue set in the September quarter?

A

A record of $89.5 billion in quarterly revenue.

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4
Q

What was Apple’s status in 2019?

A
  • Largest IT company by revenue
  • Third-largest mobile phone manufacturer
  • Number one global brand by value (US$234 billion)
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5
Q

What are some successful auction items related to Apple?

A

A first edition, unopened 4GB iPhone sold for over $190,000.

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6
Q

What types of products does Apple market?

A
  • iPhones
  • iPads
  • Apple Watch
  • Apple TV
  • MacPro
  • HomePod
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7
Q

What factors have contributed to Apple’s success?

A
  • Stylish and well-designed products
  • Slick marketing and branding
  • Innovative products
  • Focus on mobile devices
  • Online sales of products and services
  • Diversification into new technologies
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8
Q

What is the role of logistics in Apple’s operations?

A

Over 100 people work in logistics to organize shipping to over 50 countries.

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9
Q

Where is Apple’s European headquarters located?

A

Cork, Ireland.

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10
Q

What is Apple’s partnership with (RED)?

A

Supports the Global Fund in the fight against HIV/AIDS with a portion of proceeds from (PRODUCT)RED products.

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11
Q

Where are Apple’s main products designed and manufactured?

A

Designed in Silicon Valley, California; manufactured in mainland China by Foxconn.

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12
Q

What is the significance of Apple’s data centers?

A

Support growth in services like iCloud, App Store, Apple Music, and more.

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13
Q

How many data centers does Apple operate?

A

8 operating data centers and 2 under development.

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14
Q

Why are many Apple products produced in China?

A
  • Low production costs
  • Large, skilled, non-unionized workforce
  • Successful Special Economic Zone in Shenzhen
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15
Q

What are the social benefits of Apple’s presence in the USA?

A
  • 90,000 employees across 50 states
  • Headquarters at Apple Park in Cupertino
  • Employment at data centers and assembly facilities
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16
Q

What environmental initiative has Apple undertaken?

A

Uses 100% renewable energy in its US facilities and established Apple Energy.

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17
Q

What criticism has Apple faced regarding its environmental reporting?

A

Received the worst rating from Ethical Consumer for environmental reporting in 2019.

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18
Q

What is the economic impact of Apple in Ireland?

A
  • Employs 6,000 workers
  • Cork’s largest private employer
  • Attracted other high-tech firms
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19
Q

What controversy surrounded Apple’s tax situation in Ireland?

A

Accused of receiving unfair preferential treatment allowing it to pay lower taxes.

20
Q

What are some of the costs associated with Apple’s operations in Ireland?

A
  • Criticism for not creating sufficient local jobs
  • Accusations of tax avoidance strategies
21
Q

Fill in the blank: Apple has ______ data centers in the United States.

A

5

22
Q

True or False: Apple’s products are primarily manufactured within the USA.

A

False

23
Q

What ruling is being argued to be overturned regarding Apple?

A

A ruling allowing Apple to avoid paying €13bn (£11bn) in back taxes

Legal adviser to the European Court of Justice is involved in the argument.

24
Q

What has Apple’s presence in Cork attracted?

A

Other high-tech firms to the area

25
Q

What was Apple’s rating for environmental reporting in 2019?

A

Worst rating by Ethical Consumer

26
Q

What was one of Apple’s quantified future environmental targets stated in their 2019 report?

A

Generate or procure at least 4 gigawatts of clean energy in our supply chain by 2020

27
Q

What are the working conditions like for workers in Foxconn’s factories?

A

Workers mostly live on site, work an average of 62 hours each week for around $300 per month

Living expenses consume half of their earnings.

28
Q

What health risks have workers in Apple product factories faced?

A

Exposure to toxic chemicals and lack of protective equipment like earplugs and goggles

29
Q

What policy does Apple now have regarding student interns in factories?

A

Limits student interns to 10 percent of the factories’ workforces

30
Q

True or False: Apple allows factories to employ under 18s as interns.

A

False

Apple does not employ under 18s due to its commitment to social responsibility.

31
Q

What significant ban was reported regarding Apple devices in September 2023?

A

Beijing ordered central government agency officials to not bring iPhones into the office

32
Q

How many employees does Foxconn claim to support in China?

A

1.3 million employees directly, nearly five million jobs supported indirectly

33
Q

What has affected the sales of Apple’s latest iPhone model?

A

Sinking demand in China and intensifying competition from rivals

34
Q

What environmental improvement has Apple made to its products?

A

Removed all PVC plastics and toxic chemicals

35
Q

What score did Apple receive in the 2019 Ranking Digital Rights Corporate Accountability Index?

A

46%

36
Q

What campaign did Apple launch in response to Greenpeace criticisms?

A

Green my Apple campaign

37
Q

What was the purpose of the $1.5 billion green climate bond issued by Apple in 2016?

A

Financing of environmental projects

38
Q

In what year did Apple move from eleventh to second in Greenpeace’s ‘Green Electronics’ rankings?

A

From 2006 to 2017

39
Q

What milestone did Apple achieve regarding market capitalization?

A

Created history with a market capitalization of one trillion U.S. dollars

40
Q

What percentage of Apple’s product sales were in the USA in 2019?

A

45 percent

41
Q

Which country temporarily became Apple’s second largest market in 2015–16?

A

China

42
Q

How much has Apple’s services revenue increased since 2013?

A

More than threefold, from $13.5 billion to over $50 billion in March 2020

43
Q

What impact has the trade war between the US and China had on Apple?

A

Imposes heavy tariffs on Chinese imports to the US

44
Q

What commitment did Apple make to support US economic resurgence from 2018 to 2023?

A

Create 20,000 more jobs and invest $5 billion to support innovation among US manufacturers

45
Q

Fill in the blank: Apple is facing competition from _______ in China.

A

Huawei

46
Q

What has been the outcome of Apple’s attempts to enter the Indian market?

A

Largely unsuccessful due to cheaper competitors

47
Q

What does Apple’s response to criticisms about labor practices illustrate?

A

Concern shown by TNCs regarding corporate social responsibility and ethical purchasing