TNC: Apple Inc. Flashcards
Apple is a US owned company based in
Cupertino, north California
Apple started business in
1976
Apple is now the world’s…………largest IT company by revenue after …………………
second largest after Samsung
Apple has………………….full time employees
98,000
Apple has over……..retail stores
450
in 2014, apple was the….largest TNC globally with total assets of………………..
11th largest
US$ 207 billion
in 2011, …..% of Apple’s product sales were in …………..
44%
in the USA
in the last five years, apple’s most rapid growth has been in
the Asia-Pacific region
Apple’s european headquarters are in …………… where ………………….people are employed in iMac production and customer support.
a further………………..people are employed in the supply chain
Cork, Ireland
4,000 people
2,500
apple outsources its manufacturing to …………………, a Taiwanese company operating in………………
Foxconn
operating in mainland China
most of apple’s target market is situated in……………….countries
developed
apple’s R & D sectors are situated in Silicon, an example of where……………has taken place
agglomeration
Foxconn operates in Shenzen, which was China’s first and most successful ………………………………………
special economic zone (SEZ)
apple manufactures in china because: (3 reasons)
- china offers a large source of highly skilled, hard working labour for low wages
- a series of companies competed for apple’s manufacturing contract, driving costs down
- shenzen is china’s most successful SEZ (special economic zone) with incentives to attract FDI
in Foxconn City, a site of agglomerated high-tech companies, ……………………people are employed, supposedly earning US$……………….a month, which is higher than the living wages
400,000 workers
US$ 200
apple actually owns ………………..factory(ies) in the entire world
1 factory in ireland
apple was lured to ireland because of the governemnt’s …………% corporation tax.
this is the………………..lowest tax in europe
12.5%
second lowest
most of the highly skilled workers in cork at apple’s site are from
the EU or USA, not Irish
apple has been accused of ……………………in ireland
corporate tax avoidance
in 20…..,at the shenzen factory in china, ………………………workers were working more than …………..hours a week for just US$……….. a month, half of which was used for living costs
2006
200,000
60 hours a week
US$ 100 (real wage only US$ 50)
in 2010, …………..workers were poisoned by a toxic chemical used to clean iPad screens because………………………..
the workers tried to sue apple, and most cases were…………………..
50 workers
apple had not installed adequate ventilation to save costs
cases were settled out of court (bribes or blackmail used)
children and university students have to work in order to
be allowed to graduate at foxconn city
by the end of 20………….., ……suicides had occured at a foxconn factory largely as a consequence of the severe working conditions
2010
14 suicides
in response to criticism on poor working conditions i its outsourced factories, apple has
a Supplier Code of Conduct
four things which apple was criticised on environmentally were:
- reliance on non-renewably generated electricity to power its data centres
- use of toxic brominated flame retardants and PVC
- factories in china were discharging pollutants into the local water supple, endangering public health
- lack of recyclability of apple’s products