Apple

[Capt.Storm]

Maybe they might move a little of it?

 

Target: Apple CEO Tim Cook

Goal: Thank Apple for moving production to the U.S.

Apple Computers has developed an unfortunate reputation in the last few years, not because of the quality of their products, but because of the conditions their products are manufactured under. The Chinese Foxconn factories that Apple uses have become infamous for the miserable conditions workers face and the harrowing spate of suicides that have occurred within the factories.

However, Apple has decided to begin moving production to the United States. Rumors of Apple bringing production to the U.S. had been abundant but CEO Tim Cook only recently revealed that they were true. Cook divulged that one (as of now unrevealed) line of Mac products would soon be 100% produced in America, with others to hopefully follow.

Apple’s decision to begin manufacturing in the U.S. is a refreshing shift in the company’s culture. They are moving away from the pseudo-slave labor that exists in Foxconn factories. There have been numerous allegations of ethnic discrimination in the factories, as well as reports of generally unsafe working conditions.

Furthermore, there have been an absurd number of suicides at Foxconn establishments; the stress associated with the factories drives workers to kill themselves. Additionally, the opening of American Apple factories will help to quell domestic unemployment numbers.

Apple has a long way to go in terms of how their products are manufactured, but this is a start. They are beginning to sever ties with Foxconn, thereby making their products more ethical and sustainable. Thank Tim Cook and Apple for bringing production to America.

PETITION LETTER:

Dear Mr. Cook,

For years Apple’s products have been successful and well regarded. Unfortunately, the factories where they are produced and the working conditions there have not received the same praise.

The Foxconn factories in China where many Apple products are manufactured have been at the wrong end of numerous allegations of substandard working conditions and have played host to a disturbing rash of suicides. It is refreshing then, to hear that you intend on moving the production of select Apple products to the United States.

This decision will bring numerous benefits. It is high time that Apple, and myriad other companies, sever their ties with organizations like Foxconn. Secondly, your decision to bring manufacturing jobs to the U.S. will help assuage unemployment and bolster the American economy.

Thank you for starting to move the manufacturing of Apple products to America. I wish you and the company the best in this.

Sincerely,

[Your Name Here]

Photo credit: deerkoski via flickr

https://forcechange.com/45596/applaud-apple-for-moving-factory-production-to-america/

[Capt.Storm]

1 minute ago, Kivalo said:

My father, an electrical engineer by trade, also uses a flip phone. 

Yeah..I would bust a smart phone on the first day no doubt..lol.

[02sled]

42 minutes ago, Capt.Storm said:

More excuses why apple can't manufacture here in this great country of we can do anything.

http://www.popsci.com/why-trumps-idea-to-move-apple-product-manufacturing-to-us-makes-no-sense

 

If it was your business you would be looking to maximize your profits. If you were a shareholder in Apple you would also want to maximize profits. $65 per unit is a huge hit to that profitability and the bottom line. On top of that they aren't tied to a union holding the company hostage. 

[Capt.Storm]

Just now, 02sled said:

If it was your business you would be looking to maximize your profits. If you were a shareholder in Apple you would also want to maximize profits. $65 per unit is a huge hit to that profitability and the bottom line. On top of that they aren't tied to a union holding the company hostage. 

It's answers like yours that make me puke.

[02sled]

On June 21, 2016 at 5:33 PM, ArcticCrusher said:

That cost does not include the R&D involved in the design and a $65 adder is quite significant.

Probably doesn't include general business overhead either like admin staff, distribution, real estate, utilities and corporate taxes in  North America 

[Capt.Storm]

Just now, 02sled said:

Probably doesn't include general business overhead either like admin staff, distribution, real estate, utilities and corporate taxes in  North America 

So the US just can't compete is what you're saying then?

[Capt.Storm]

Apple posted its financial results for the first quarter of fiscal 2015 - the period ending December 27, 2014 - and the results are mind-blowing.

Thanks to the iPhone 6 and iPhone 6 Plus, Apple sold more phones than in any previous quarter. With markedly different designs and new features, the new handsets finally gave old iPhone users a good reason to upgrade, and interest in large phablet-style phones has never been higher.

But that wasn't Apple's only record - the company also made more money from Mac and App Store sales.

And perhaps the biggest milestone of all is that with $18.04 billion (about £11.87b, AU$22.72b) in profit, Apple just made more money in a single quarter than any other company in history, according to TechCrunch.

[ArcticCrusher]

11 minutes ago, Capt.Storm said:

So the US just can't compete is what you're saying then?

 

Probably not for Apple's product offerings.  They must compete in a global economy and are accountable to their shareholders, NOT THE USA.  It wasn't too long ago they were facing bankruptcy and their share value was < $10, I owned about $20K of shares then and sold it when it hit $20.  

[Capt.Storm]

2 minutes ago, ArcticCrusher said:

 

Probably not for Apple's product offerings.  They must compete in a global economy and are accountable to their shareholders, NOT THE USA.  It wasn't too long ago they were facing bankruptcy and their share value was < $10, I owned about $20K of shares then and sold it when it hit $20.  

Sad there is so much greed.

[Capt.Storm]

Apple’s balance sheet shows $97.6 billion in cash. There are cries from investors that the cash pile needs to be reduced and some of that value needs to go back to the shareholders. I think they’ll be calling for this for a long time. That money is going to be used to increase the security that the supply chain offers Apple.

Think of it like fuel hedging in the airline industry. By purchasing their jet fuel years in advance, the price of the fuel is locked in. With smart hedging, the fuel you bought in 2008 is used in 2011, but at a much lower “per gallon” rate than if you simply rang up the price on the Airport’s fuel tanker.

Apple’s immense cash reserves allows not only an investment in new technology, but they can literally buy the complete run of a specialist part for a number of years, locking out the competition. Knowing they have the volume coming, air freight space can be purchased far in advance, and when the exclusivity period is over (or the factory next door has clean-roomed the technology), Apple still have a lead in terms of experience with the technology, the volume of the order, and the relationship with the supply chain.

 

It’s a big upfront cost, but it delivers value for a number of years. The more cash that Apple has available to invest at the start of the process, the more profit they can generate after six months, after twelve months, after two years, and beyond.

http://www.forbes.com/sites/ewanspence/2012/01/29/heres-what-apple-will-do-with-their-profit-invest/#4b7f71cd7ad3

[Capt.Storm]

This is prolly a better story.

 

Apple has $203 billion in cash. Why?

http://money.cnn.com/2015/07/22/investing/apple-stock-cash-earnings/

 

Apple may be waiting for tax changes in the United States before it puts more of its cash to use though. Maestri noted that $181 billion of its cash -- nearly 90% of the entire iMountain -- is held offshore.

 

 

But If Apple moved this cash back to the U.S., it would face a massive tax bill.

So Apple has actually been going into hock to help fund some of its stock buybacks and dividends. The company raised $10 billion in debt last quarter and now has about $47 billion in long-term debt overall.

At some point though, Apple may face even more pressure to do something productive with its $200 billion war chest instead of letting it collect dust in Ireland and other tax havens.

 

Edited June 23, 2016 by Capt.Storm

[ArcticCrusher]

2 minutes ago, Capt.Storm said:

This is prolly a better story.

 

Apple has $203 billion in cash. Why?

http://money.cnn.com/2015/07/22/investing/apple-stock-cash-earnings/

 

Apple may be waiting for tax changes in the United States before it puts more of its cash to use though. Maestri noted that $181 billion of its cash -- nearly 90% of the entire iMountain -- is held offshore.

 

 

But If Apple moved this cash back to the U.S., it would face a massive tax bill.

So Apple has actually been going into hock to help fund some of its stock buybacks and dividends. The company raised $10 billion in debt last quarter and now has about $47 billion in long-term debt overall.

At some point though, Apple may face even more pressure to do something productive with its $200 billion war chest instead of letting it collect dust in Ireland and other tax havens.

 

So, who do you feel this belongs to?  The shareholders or the USA citizens who never contributed one cent to Apple's success? 

[Capt.Storm]

You can't get much more un American then Apple is my conclusion.

My question is what not just move everything out of the country..what is stopping them..why don't they?

[Capt.Storm]

Just now, ArcticCrusher said:

So, who do you feel this belongs to?  The shareholders or the USA citizens who never contributed one cent to Apple's success? 

I feel there would be great jobs to be had here.

[Capt.Storm]

Listen you fucking guys ..I don't ever want to hear you bitch about anybody hiding money offshore to beat the taxes here in the US ever again if you think it's ok for Apple to do it.

[ArcticCrusher]

9 minutes ago, Capt.Storm said:

I feel there would be great jobs to be had here.

 

What percentage of the shareholders are even US citizens?  Do you think they care about US jobs?

[ArcticCrusher]

5 minutes ago, Capt.Storm said:

Listen you fucking guys ..I don't ever want to hear you bitch about anybody hiding money offshore to beat the taxes here in the US ever again if you think it's ok for Apple to do it.

 

That is a whole different topic.

[Capt.Storm]

Just now, ArcticCrusher said:

 

What percentage of the shareholders are even US citizens?  Do you think they care about US jobs?

Apple should since they are headquartered in Calif.

[Capt.Storm]

1 minute ago, ArcticCrusher said:

 

That is a whole different topic.

It's still all about Apple.

Don't try the spin/deflect  thing with me.

Edited June 23, 2016 by Capt.Storm

[02sled]

41 minutes ago, Capt.Storm said:

Sad there is so much greed.

Would you offer to make less money yourself in order to keep more jobs in North America? Go into your boss tomorrow and tell him you want a 10% cut in pay and think everyone you work with should do the same so he can afford to hire more people or sell his product / service for less.

You want the shareholders of Apple to make less money. I have shares in Apple and really don't concern myself about jobs in the U.S. I'm in Canada. I care about a return on my investment. I am sure the shareholders around the globe of which there will be many don't care about jobs in the U.S. either.

As for the cash on hand the shareholders can vote to declare themselves a special dividend if the majority support it or they can be happy with the value of their shares.

Lots of big business out there. Microsoft just bought LinkedIn for $26.2B 

Edited June 23, 2016 by 02sled

[ArcticCrusher]

29 minutes ago, Capt.Storm said:

Apple should since they are headquartered in Calif.

Buy Apple shares then and you can voice your opinion, otherwise you have zero input.

[Capt.Storm]

45 minutes ago, 02sled said:

Would you offer to make less money yourself in order to keep more jobs in North America? Go into your boss tomorrow and tell him you want a 10% cut in pay and think everyone you work with should do the same so he can afford to hire more people or sell his product / service for less.

You want the shareholders of Apple to make less money. I have shares in Apple and really don't concern myself about jobs in the U.S. I'm in Canada. I care about a return on my investment. I am sure the shareholders around the globe of which there will be many don't care about jobs in the U.S. either.

As for the cash on hand the shareholders can vote to declare themselves a special dividend if the majority support it or they can be happy with the value of their shares.

Lots of big business out there. Microsoft just bought LinkedIn for $26.2B 

They could have started right here in the first place.

[Capt.Storm]

18 minutes ago, ArcticCrusher said:

Buy Apple shares then and you can voice your opinion, otherwise you have zero input.

I have stock in this country my friend, Some of it is in Apple.

[Capt.Storm]

21 minutes ago, ArcticCrusher said:

Buy Apple shares then and you can voice your opinion, otherwise you have zero input.

Move to the US then you can have a valid opinion on apple and how it is or isn't fawking this country.

Edited June 23, 2016 by Capt.Storm

[Capt.Storm]

RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby.

Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states.

Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.

California’s corporate tax rate is 8.84 percent. Nevada’s? Zero.

Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year. As it has in Nevada, Apple has created subsidiaries in low-tax places like Ireland, the Netherlands, Luxembourg and the British Virgin Islands — some little more than a letterbox or an anonymous office — that help cut the taxes it pays around the world.