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(MacRumors)   Apple Q2 2012 financials are out. Summary: They made more money than the rest of the planet combined   (macrumors.com) divider line 63
    More: Obvious, Apple, American Society of Plastic Surgeons, iPhone 4S, China Telecom, Earnings Per Share, icloud, guidance, profit margins  
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1873 clicks; posted to Business » on 24 Apr 2012 at 9:19 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-24 09:39:35 PM  
Already factored into the share price.
 
2012-04-24 09:42:09 PM  

Watching_Epoxy_Cure: Already factored into the share price.


which would explain why the share price went up so much.
 
2012-04-24 09:46:16 PM  
50 billion a quarter, glad they're saving so much on salaries with Foxconn.


/and dell
//and Microsoft
///and
////and
 
2012-04-24 10:04:12 PM  
That's pocket change.
 
2012-04-24 10:18:42 PM  
Started my new job and was asked what phone I wanted to carry for the company. I asked for an Android and then sat and listened to my boss and my bosses boss convince themselves I needed an iPhone... sigh...

/not terribly disappointed.
 
2012-04-24 10:33:01 PM  
Where are all these gullible hipsters coming from?
 
2012-04-24 10:46:46 PM  

stuhayes2010: 50 billion a quarter, glad they're saving so much on salaries with Foxconn.
/and dell
//and Microsoft
///and
////and


Why can't the people who make the products at least be given shares as a bonus/become shareholders?

It's really bullshiat that Apple is the most valuable company in the world, yet the people at top have a gripping, illogical fear to do what's right.
 
2012-04-24 10:47:03 PM  
Slave labor tends to improve the bottom line.
 
2012-04-24 10:53:28 PM  

zvoidx: Why can't the people who make the products at least be given shares as a bonus/become shareholders?

It's really bullshiat that Apple is the most valuable company in the world, yet the people at top have a gripping, illogical fear to do what's right.


DrZiffle: Slave labor tends to improve the bottom line.


yes, everyone knows that all of foxconn only makes apple products. they never make anything for anyone else, so everything is apple's fault.
 
2012-04-24 11:05:14 PM  

shiate: zvoidx: Why can't the people who make the products at least be given shares as a bonus/become shareholders?

It's really bullshiat that Apple is the most valuable company in the world, yet the people at top have a gripping, illogical fear to do what's right.

DrZiffle: Slave labor tends to improve the bottom line.

yes, everyone knows that all of foxconn only makes apple products. they never make anything for anyone else, so everything is apple's fault.


The story is about Apple, who also happen to be the most valuable company in the world.

Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.
 
2012-04-24 11:16:59 PM  
zvoidx

Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.

You could apply this to any company anywhere in the world. Take off the blinders, put down the Kool-Aid, and try to think for yourself for once.
 
2012-04-24 11:26:04 PM  

bingethinker: zvoidx

Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.

You could apply this to any company anywhere in the world. Take off the blinders, put down the Kool-Aid, and try to think for yourself for once.



"Kool Aid"?
I didn't read it on some website, these are my thoughts on this.

Just because other companies also do something abhorrent, doesn't make it right. As a matter of fact, if Apple set an example maybe others would follow.
 
2012-04-24 11:28:58 PM  
Those executives should be beaten senseless and strung up by the balls and then . . . . . oh wait . . . . sorry, I thought it was a big oil company. Carry on.
 
2012-04-24 11:32:25 PM  
Unless my maths is completely off (not guaranteed) that would make their profit margin 29.6% which is insane considering the current economic climate and the types of products they sell. Really makes Sony look stupid - they haven't turned a profit since 2008 even though they have a presence in so many market segments (and make some genuinely good stuff).

A I the only one who's still a little surprised at Apple's success? I mean, I like my iphone (it plays songs, reads emails/internet and has some fun games) and the ipad seems to be a fun gadget but i'm still surprised that those two products (75% of their revenue) have made Apple the mega-profit pimptastically huge success it has become.

Surely we're about to hit a wall soon? Pixel density has been a natural growth path for phones over the last few years but one would expect that a density that is at the limit of what the human eye can see would be a natural final barrier - and we're hitting this now. Give it 2 years or so and we'll be using 3mm thick, "retina" display phones with specs that are comparable to today's gaming pcs (or at least within the same ballpark)... where to go from there? Battery life and cheapness will always be areas that can get better but even they will reach a plateau. A big part of the ipod/ipad/iphone's success has been the drive to get the latest model but when the tangible benefits of upgrading aren't huge (hell, even the jump from 3gs -> 4s felt like an incremental step in the OS) will these profits continue?
 
2012-04-24 11:32:55 PM  
Protip: Chicks like things that do what they want, when they want, and look pretty.

/Google - I luvs ya but you gotta bring the easy bling w/Android
 
2012-04-24 11:33:58 PM  

zvoidx: Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.


You the consumer are the ultimate beneficiary of cheap goods, so how about this: you pull out of your pocket whatever amount of extra money you think you should have paid for all the products you bought, made by companies that underpay their workers, and you hand it over to whatever charity you think would use it the best to help them.
 
2012-04-24 11:36:07 PM  

zvoidx: Why can't the people who make the products at least be given shares as a bonus/become shareholders?

It's really bullshiat that Apple is the most valuable company in the world, yet the people at top have a gripping, illogical fear to do what's right.


You can't compete on equal footing if you want to do what's right. If you're Apple, maybe you can afford that, but you're still selling yourself short. There will always be a less ethical company/CEO willing to come in and undercut you and a buying public to overlook their practices. And a world trade paradigm -- and organizations -- that ignore everything but price.
 
2012-04-24 11:36:30 PM  

zvoidx: blah blah blah


what evidence do you have of greed? the fact that they follow industry norms? by that logic, everyone in business is greedy. or is it just the fact that they're successful that makes them greedy? is exxon also greedy? they make more than apple. i assume you're calling for them to give shares and money, or at least were when they were the most valuable company in the world.
 
kab
2012-04-24 11:38:06 PM  
That's awesome. Maybe they can spring for more suicide nets.
 
2012-04-24 11:39:05 PM  

harm dealer: Unless my maths is completely off (not guaranteed) that would make their profit margin 29.6% which is insane considering the current economic climate and the types of products they sell. Really makes Sony look stupid - they haven't turned a profit since 2008 even though they have a presence in so many market segments (and make some genuinely good stuff).

A I the only one who's still a little surprised at Apple's success? I mean, I like my iphone (it plays songs, reads emails/internet and has some fun games) and the ipad seems to be a fun gadget but i'm still surprised that those two products (75% of their revenue) have made Apple the mega-profit pimptastically huge success it has become.

Surely we're about to hit a wall soon? Pixel density has been a natural growth path for phones over the last few years but one would expect that a density that is at the limit of what the human eye can see would be a natural final barrier - and we're hitting this now. Give it 2 years or so and we'll be using 3mm thick, "retina" display phones with specs that are comparable to today's gaming pcs (or at least within the same ballpark)... where to go from there? Battery life and cheapness will always be areas that can get better but even they will reach a plateau. A big part of the ipod/ipad/iphone's success has been the drive to get the latest model but when the tangible benefits of upgrading aren't huge (hell, even the jump from 3gs -> 4s felt like an incremental step in the OS) will these profits continue?


They're kinda a banker's bank for electronics. get the truly to rich to pay for it (verizon, at&t, etc...), because no sane individual will pay $600 for a telephone.
 
2012-04-24 11:42:17 PM  

jjorsett: zvoidx: Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.

You the consumer are the ultimate beneficiary of cheap goods, so how about this: you pull out of your pocket whatever amount of extra money you think you should have paid for all the products you bought, made by companies that underpay their workers, and you hand it over to whatever charity you think would use it the best to help them.


That requires work and thought. Demanding that is racist.
 
2012-04-24 11:48:18 PM  

harm dealer: A I the only one who's still a little surprised at Apple's success? I mean, I like my iphone (it plays songs, reads emails/internet and has some fun games) and the ipad seems to be a fun gadget but i'm still surprised that those two products (75% of their revenue) have made Apple the mega-profit pimptastically huge success it has become.


I'm obviously not surprised their computers are doing fark all for the company, since those have always been aimed at children and kids learn real computing on Windows PCs, but I am surprised that Steve Jobs departed this world beating Bill Gates into submission.
 
2012-04-24 11:51:36 PM  

gilgamesh23: zvoidx: Why can't the people who make the products at least be given shares as a bonus/become shareholders?

It's really bullshiat that Apple is the most valuable company in the world, yet the people at top have a gripping, illogical fear to do what's right.

You can't compete on equal footing if you want to do what's right. If you're Apple, maybe you can afford that, but you're still selling yourself short. There will always be a less ethical company/CEO willing to come in and undercut you and a buying public to overlook their practices. And a world trade paradigm -- and organizations -- that ignore everything but price.


Exactly; an inconsequential to Apple, extra amount of money could greatly help the people working shiatty conditions for shiatty pay.


shiate: zvoidx: blah blah blah

what evidence do you have of greed? the fact that they follow industry norms? by that logic, everyone in business is greedy. or is it just the fact that they're successful that makes them greedy? is exxon also greedy? they make more than apple. i assume you're calling for them to give shares and money, or at least were when they were the most valuable company in the world.


Of course Exxon is greedy. Apple is now ranked number 1 in market capitalization:
Link

The story is about Apple. Apple, the number one company in the world, has workers via Foxconn that get shiat pay and long hours. It's indefensible and inexcusable.

I can't believe I have to go on here and debate this. Seriously, you think this okay?
 
2012-04-24 11:56:54 PM  

DrZiffle: Slave labor tends to improve the bottom line.


Oh, how Republican of you.
 
2012-04-25 12:30:51 AM  

DrZiffle: Slave labor tends to improve the bottom line.


www.thoseposters.com
 
2012-04-25 12:58:20 AM  

zvoidx:

The story is about Apple. Apple, the number one company in the world, has workers via Foxconn that get shiat pay and long hours. It's indefensible and inexcusable.

I can't believe I have to go on here and debate this. Seriously, you think this okay?


They are being paid what they are worth on the job market. That's because in China there are hundreds of millions of people who'd rather worry about having something to eat and a roof over their head first, and having Apple shares and gadgets second.

Your outrage is misplaced.
 
2012-04-25 01:11:19 AM  

zvoidx: The story is about Apple. Apple, the number one company in the world, has workers via Foxconn that get shiat pay and long hours. It's indefensible and inexcusable.

I can't believe I have to go on here and debate this. Seriously, you think this okay?


shiat pay by your standards, very good pay compared to what they could earn working for just about any other CE assembler/manufacturer. And extremely better pay than what they would get working on the farms in the rural areas that most of Foxconn's labor force comes from.

As to the hours they work, it's been reported that Foxconn has set a hard limit of 36 hours of overtime per month, maximum. Knowing there would be complaints, though, they also instituted pay raises that would ensure a maxed-out worker would make the same as if they had done 60 hours of overtime. Know what happened? The workers complained. They wanted to know why they couldn't still work up to 60 hours overtime per month at the new rate of pay.

They lined up for this work by the hundreds, to work and save as much as possible in the few years they allotted for Foxconn before they head back home. Most of them just want as big a cash pile as possible for some major purchase, like a home. Or they're planning on starting a family and want a large cash infusion to cover the initial expenses.

Get off your high horse; they don't share your standards of living, or your views on how much is too much work. Yeah, Foxconn and other members of Apple's supply chain still have some ways to go to improve working and living conditions, but in many areas they're already above and beyond what others are providing for their work force.
 
2012-04-25 01:15:53 AM  
Theres good money to be made in fleecing sheep. Who knew?
 
2012-04-25 01:20:48 AM  

DamnCheapMonkey: zvoidx: The story is about Apple. Apple, the number one company in the world, has workers via Foxconn that get shiat pay and long hours. It's indefensible and inexcusable.

I can't believe I have to go on here and debate this. Seriously, you think this okay?

shiat pay by your standards, very good pay compared to what they could earn working for just about any other CE assembler/manufacturer. And extremely better pay than what they would get working on the farms in the rural areas that most of Foxconn's labor force comes from.

As to the hours they work, it's been reported that Foxconn has set a hard limit of 36 hours of overtime per month, maximum. Knowing there would be complaints, though, they also instituted pay raises that would ensure a maxed-out worker would make the same as if they had done 60 hours of overtime. Know what happened? The workers complained. They wanted to know why they couldn't still work up to 60 hours overtime per month at the new rate of pay.

They lined up for this work by the hundreds, to work and save as much as possible in the few years they allotted for Foxconn before they head back home. Most of them just want as big a cash pile as possible for some major purchase, like a home. Or they're planning on starting a family and want a large cash infusion to cover the initial expenses.

Get off your high horse; they don't share your standards of living, or your views on how much is too much work. Yeah, Foxconn and other members of Apple's supply chain still have some ways to go to improve working and living conditions, but in many areas they're already above and beyond what others are providing for their work force.


My anger is not misplaced and I am not on a high horse.

Screw you guys for defending that mentality.
 
2012-04-25 01:21:44 AM  

DamnCheapMonkey: zvoidx: The story is about Apple. Apple, the number one company in the world, has workers via Foxconn that get shiat pay and long hours. It's indefensible and inexcusable.

I can't believe I have to go on here and debate this. Seriously, you think this okay?

shiat pay by your standards, very good pay compared to what they could earn working for just about any other CE assembler/manufacturer. And extremely better pay than what they would get working on the farms in the rural areas that most of Foxconn's labor force comes from.

As to the hours they work, it's been reported that Foxconn has set a hard limit of 36 hours of overtime per month, maximum. Knowing there would be complaints, though, they also instituted pay raises that would ensure a maxed-out worker would make the same as if they had done 60 hours of overtime. Know what happened? The workers complained. They wanted to know why they couldn't still work up to 60 hours overtime per month at the new rate of pay.

They lined up for this work by the hundreds, to work and save as much as possible in the few years they allotted for Foxconn before they head back home. Most of them just want as big a cash pile as possible for some major purchase, like a home. Or they're planning on starting a family and want a large cash infusion to cover the initial expenses.

Get off your high horse; they don't share your standards of living, or your views on how much is too much work. Yeah, Foxconn and other members of Apple's supply chain still have some ways to go to improve working and living conditions, but in many areas they're already above and beyond what others are providing for their work force.


Or you know, an American company could hire Americans instead.
 
2012-04-25 01:22:18 AM  

jjorsett: zvoidx: Nothing would happen if the people who actually make their products were given more money. The only consequence would be lack of a hyper-endorphin rush for the top execs and/or a feeling of rage of how that money should be theirs.

Greed is insane. It has nothing to do with actual money.

You the consumer are the ultimate beneficiary of cheap goods, so how about this: you pull out of your pocket whatever amount of extra money you think you should have paid for all the products you bought, made by companies that underpay their workers, and you hand it over to whatever charity you think would use it the best to help them.


That's the thing though. We're not getting cheap goods. We're still getting expensive goods.

In an ideal free market, there is no profit. If you're selling something for more than it costs to make it, then someone else can come in and undercut you. (See the market for RAM, and the current trend for solar power) Companies use advertising and patents to differentiate their products breaking down the ideal free market assumptions so that they can actually make a profit. "Hey, this thing is more expensive than it should be, but it doesn't matter because you want it anyway!"

So the problem here is that Apple is siphoning a massive amount of money out of the economy. We're getting expensive goods, and the labor is getting paid crap. This would be ok if Apple was then doing something else useful with that money. R&D on other products to bring to market, capital expenditures, etc. Because then the money would be getting plowed back into the company and into the economy in some sort of useful manner. However, they're not. It's just sitting in the company pool for the execs to swim in now and then.
 
2012-04-25 01:45:22 AM  

zvoidx:

My anger is not misplaced and I am not on a high horse.

Screw you guys for defending that mentality.


If you're outraged about the 1 million FoxConn employees not getting Apple shares on top of their $300 a month or something, then the about 500 million or so living on less than $2 / day should make you absolutely suicidal.

But it doesn't because you don't really care about the Chinese people. You don't. Just like you don't really care about the Indians, or the Cambodians, or the Congolese, or about my well being. Just like in that movie about the Rwandan genocide... people see it on TV, they go "oh my god that's terrible" then they go on and eat their dinners.

You had a rant against Apple because they made bank, and that's it. This is the Chinese's problem to fix, not Apple's. For example they could toughen regulations on companies and raise taxes on them to help those people in China who REALLY need it. But they don't. Instead they'd rather jail political opponents.
 
2012-04-25 01:59:20 AM  

hoihoi8: Or you know, an American company could hire Americans instead.


They do, their Cupertino campus is chock-full of American employees, as are their retail locations. If you can't find yourself one of those positions, why don't you try making an app? It doesn't even have to be for iOS: take a crack at any mobile platform.

Why is everyone so anxious to have assembly line jobs? They suck in so many ways. Be an engineer, be a programmer, or own a business that makes money from some mobile app/service. That's the kind of thing kids should aspire to, not "pick up part, insert part, wait a bit, repeat 1 & 2 ad infinitum".
 
2012-04-25 02:04:32 AM  

seanpg71: This would be ok if Apple was then doing something else useful with that money. R&D on other products to bring to market, capital expenditures, etc. Because then the money would be getting plowed back into the company and into the economy in some sort of useful manner. However, they're not. It's just sitting in the company pool for the execs to swim in now and then.


stock dividend ($45B over 3 years)
stock buyback ($10B).
forecast to spend $8B in capex this year.
we'll not get into the fact that apple's done more for worker conditions than anyone else, ever.

this just in: companies exist to make money. that's their job. if they don't do that they best they can, they can get sued by their shareholders. apple is very good at it. a bunch of you sound like you missed the boat and are crying about it.
 
2012-04-25 02:18:57 AM  

Gotta laugh because cell phone makers had years to make a decent phone before Apple came along (I had two of the last few Nokias before Microsoft joined forces with them and the phones were terrible) and netbooks could have survived the tablet rush if all the companies involved had actually not been so greedy by jacking up prices while not improving the specs much. But it took Apple to show them how to sell good products to the people and make a profit so I'm glad that Apple really made smartphones and tablets successful since no other company could.


With that being said I love my Android stuff. The phone and tablet I have are easily hackable. I rooted the phone but didn't really care to do the tablet because at this point ICS is fine on my Transformer.

 
2012-04-25 02:24:20 AM  
I'd like a little more innovation for my shekel

I'd like everybody to quit gang raping my privacy

I don't object to capability,

so long as I can turn it off
 
2012-04-25 03:16:09 AM  

shiate: seanpg71: This would be ok if Apple was then doing something else useful with that money. R&D on other products to bring to market, capital expenditures, etc. Because then the money would be getting plowed back into the company and into the economy in some sort of useful manner. However, they're not. It's just sitting in the company pool for the execs to swim in now and then.

stock dividend ($45B over 3 years)
stock buyback ($10B).
forecast to spend $8B in capex this year.
we'll not get into the fact that apple's done more for worker conditions than anyone else, ever.

this just in: companies exist to make money. that's their job. if they don't do that they best they can, they can get sued by their shareholders. apple is very good at it. a bunch of you sound like you missed the boat and are crying about it.


The CapEx and stock dividend are probably good uses for their cash. Probably much better for the economy as a whole than the M&A that most large companies seem to like to spend their money on. Stock buybacks really just seem like masturbation but I suppose it's just a dividend with a better tax rate. All of that is relatively recent though.

And while, yes, businesses exist to make money, doing so in a manner that makes people start to hate their business practices can eventually start to cause them problems. Apple only stays good at making money so long as their brand continues to be in demand.
 
2012-04-25 03:25:21 AM  
Leaves no place to go but down.
 
2012-04-25 04:57:05 AM  

seanpg71: shiate: seanpg71: This would be ok if Apple was then doing something else useful with that money. R&D on other products to bring to market, capital expenditures, etc. Because then the money would be getting plowed back into the company and into the economy in some sort of useful manner. However, they're not. It's just sitting in the company pool for the execs to swim in now and then.

stock dividend ($45B over 3 years)
stock buyback ($10B).
forecast to spend $8B in capex this year.
we'll not get into the fact that apple's done more for worker conditions than anyone else, ever.

this just in: companies exist to make money. that's their job. if they don't do that they best they can, they can get sued by their shareholders. apple is very good at it. a bunch of you sound like you missed the boat and are crying about it.

The CapEx and stock dividend are probably good uses for their cash. Probably much better for the economy as a whole than the M&A that most large companies seem to like to spend their money on. Stock buybacks really just seem like masturbation but I suppose it's just a dividend with a better tax rate. All of that is relatively recent though.

And while, yes, businesses exist to make money, doing so in a manner that makes people start to hate their business practices can eventually start to cause them problems. Apple only stays good at making money so long as their brand continues to be in demand.


Business don't just exist to make money. They exist to make money off stupid people, who are an infinitely renewable resource.
 
2012-04-25 05:41:04 AM  

dang sure: I'd like a little more innovation for my shekel


Old, or New Israeli Shekel? I'm not sure that you can get anything meaningful for the former.

If the latter, you're going to need anywhere from 1,869 to 2,618 more of them plus customs, shipping, and currency conversion costs.
 
2012-04-25 05:58:52 AM  

DamnCheapMonkey: hoihoi8: Or you know, an American company could hire Americans instead.

They do, their Cupertino campus is chock-full of American employees, as are their retail locations. If you can't find yourself one of those positions, why don't you try making an app? It doesn't even have to be for iOS: take a crack at any mobile platform.

The point they were making is that not everyone is meant to be an entrepreneur, where such people do better when hired as a part of a larger business. Apparently that's the part of Ricardo that most people seem to miss is that it works the other way as well.



Why is everyone so anxious to have assembly line jobs? They suck in so many ways. Be an engineer, be a programmer, or own a business that makes money from some mobile app/service. That's the kind of thing kids should aspire to, not "pick up part, insert part, wait a bit, repeat 1 & 2 ad infinitum".

Not necessarily so. People want to have some permanence and security in their work, and consulting will not provide that for most people. What it provides is an atmosphere of instability that kills long term planning cold. If one is good enough to make such precarious arrangments work, the most likely case is that they're one of the hand-picked few that make anything work at anytime.


corporations exist to only make money
However, that is impaired when they have to deal with the idea that their customers disapprove of their actions. It's kind of hard to make money when you have to hire someone like Burson-Marsteller, a PR firm used by many despotic governments, to clean up the PR mess that you thought was swept under the rug. While businesses generally exist to make money, they also have to consider the idea that social responsibility makes money as well. When done properly, a business gains more profit than by being a complete sociopath.
 
2012-04-25 06:21:39 AM  

Smeggy Smurf: DrZiffle: Slave labor tends to improve the bottom line.

[www.thoseposters.com image 600x500]


Who Built the Pyramids?
Another article about it
A third one
 
2012-04-25 06:27:42 AM  

jjorsett: You the consumer are the ultimate beneficiary of cheap goods, so how about this: you pull out of your pocket whatever amount of extra money you think you should have paid for all the products you bought, made by companies that underpay their workers, and you hand it over to whatever charity you think would use it the best to help them.


*facepalm*

When someone invokes the prototypical consumer, especially in the fashion you have invoked it, they are trying to set up a case of self-harm where none exists or isolate a particular group as non-consumers.
 
2012-04-25 07:00:16 AM  

jjorsett: You the consumer are the ultimate beneficiary of cheap goods, so how about this: you pull out of your pocket whatever amount of extra money you think you should have paid for all the products you bought, made by companies that underpay their workers, and you hand it over to whatever charity you think would use it the best to help them.


For starters, the "ultimate beneficiary" of cheap goods is the executive and the stock holder.

And second, you are by far the most consistently ignorant and simple minded farker on here for many years. Congratulations for that.
 
2012-04-25 07:05:26 AM  

zvoidx: My anger is not misplaced and I am not on a high horse.

Screw you guys for defending that mentality.


A little perspective here. I have personally put in 96 hours in one week, but I didn't get paid for the overtime. It was just part of my job. When I was in the Navy, I lived in more cramped conditions with less to do on any "off-time". We put in 14-hour shifts seven days a week while underway.

I certainly am not going to rush to China for a FoxCon assembly job, but you really do have to look at the Chinese employment situation as a whole. There are a crap ton of Chinese workers. Do you think giving more money to the already comparatively well-paid FoxCon workers is going to have any impact on such a large population?
 
2012-04-25 07:53:47 AM  
You could always "be patriotic" and "an informed consumer" and not buy products from such companies.

/peer pressure and need to fit in too strong.
//apple product free.
 
2012-04-25 07:56:49 AM  

GameSprocket: I certainly am not going to rush to China for a FoxConn assembly job, but you really do have to look at the Chinese employment situation as a whole. There are a crap ton of Chinese workers. Do you think giving more money to the already comparatively well-paid FoxConn workers is going to have any impact on such a large population?


Large, desperate, pliant workforce (that is kept that way by government) + businesses that desire such pliancy = a company like Foxconn.

Businesses would rather have everywhere like the PRC, where there are tons of unemployed/destitute people such that they can make things worse off for workers. That, and their executive had no problem with the animal-like treatment of their workers. If it's so bad that Burson Marsteller steps in - a PR firm that has former and current despots as clients - I'm not likely to believe the tall tales of workers complaining about Foxconn's actions.
 
2012-04-25 08:01:06 AM  

bluorangefyre: I'm obviously not surprised their computers are doing fark all for the company, since those have always been aimed at children and kids learn real computing on Windows PCs


lol. 8/10. classic!
 
2012-04-25 08:53:57 AM  
So Apple = amazing coproration who can do no wrong and earns their profit and Exxon = greedy farksticks who are leeches upon the American people.

Got it. Exxon provides more useful product than Apple...
Of course Exxon's profit margin is around 8% and Apple's is around 30%...
 
2012-04-25 09:57:45 AM  
To put things into perspective, IBM's 1Q profit was roughly the same as Apple's, with a profit margin of about 45%... I can't believe I just typed "roughly" for something like $500M.
 
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