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Apples profits...are people upset with....

  • over $39 billion in profits last quarter......

    minsterbuckeye

  • Their revenues were $39 billion. Their profit was $11.6 billion. I don't care how much profit they make. But for a company that is swimming in money they sure treat their Chinese employees like pieces of trash.

    signature image signature image signature image

    ng164300

  • minsterbuckeye said...

    over $39 billion in profits last quarter......

    The irony is that Apple top down, centralize/vertically integrated business structure is very similar to.... Communist China. panic

    cincybuck09

  • ng164300 said...

    Their revenues were $39 billion. Their profit was $11.6 billion. I don't care how much profit they make. But for a company that is swimming in money they sure treat their Chinese employees like pieces of trash.

    Most of what was said about th conditions were found to be false. And now that they have made changes the people who are complaining the most are the employees at the plant who can't work the hours that they worked and can't make the money they are used to making.

    shaunsimpson

  • But don't worry they aren not evil because they aren't an Oil Company or an Insurance Company.

    This post was edited by whvball on 4/25/2012 at 10:23 AM

    whvball

  • shaunsimpson said...

    Most of what was said about th conditions were found to be false. And now that they have made changes the people who are complaining the most are the employees at the plant who can't work the hours that they worked and can't make the money they are used to making.

    Apple's own investigation found tons of labor law violations in the Foxconn plants. Their CEO is at least trying to remedy some of the problems. I give him credit for that.

    signature image signature image signature image

    ng164300

  • ng164300 said...

    Apple's own investigation found tons of labor law violations in the Foxconn plants. Their CEO is at least trying to remedy some of the problems. I give him credit for that.

    Apple was found to be compliant in a majority of the issues that were brought up. Most of the concerns were because of a fictional theater piece that was "based" on facts and found to be primary fictional. Apples audit found long working hours as the big issue. Apple since increased the pay for many workers and cut back on hours, but the irony of the entire thing is that the people upset with hours being cut back are the employees. This American Life just had a podcast about it with interviews from employees who are upset because their standard of living will decrease since they won't be able to get the hours that they want.

    shaunsimpson

  • Why do people get upset (or envious) of those companies that show success? Sp Apple has done a great job of creating new and innovative products - they have showed leadership - and some applaud and some quickly want to attack that how dare a company be so big and or become so profitable. Apple makes mistakes like others, but also try to fix and rectify (ex China).

    We are a capitalistic society - private business as long as morally, legally and ethically doing things right should be free to grow and become as big as they want and reap as much profits as they want - market cycles, changes, etc - help keep them in line. Look over the course of history - look at the top 100 companies today compared to the top 100 in 1950 and 1970, and 1990 - see how many no longer exist.

    To me its like sports, we see SEC schools that do well and instead of giving them credit, its easier to knock them- so like in business, instead of applauding Apple -some choose to knock them. Many buckeye fans don't understand why others do not like us - but its because of our success. So many in society just naturally have distrust and distaste for those on top of the mountain.

    I am hardly a republican supporter, but I do like the fact that Romney says - he will not apologize for his success - neither should we as Buckeyes and neither should Apple

    ncbucki90

  • I wonder how many liberals here own an Apple product? Afterall they make obscene profits and treat their Chinese workers terribly.

    pazbuc

  • pazbuc said...

    I wonder how many liberals here own an Apple product? Afterall they make obscene profits and treat their Chinese workers terribly.

    according to the definition of liberal - I am one - since i believe all Americans should be treated equally.

    So this liberal's house has 2 Ipads, 3 Apple Desktops, one Apple Laptop and 2 Apple Iphones

    We could care less how much profit they make - they are a free enterprise business, they are allowed to do so.

    And get your facts straight on how they treat their works, lots of misinformation surrounding that. They are not perfect, but not nearly as bad as some have tried to make them

    ncbucki90

  • ncbucki90 said...

    according to the definition of liberal - I am one - since i believe all Americans should be treated equally.

    So this liberal's house has 2 Ipads, 3 Apple Desktops, one Apple Laptop and 2 Apple Iphones

    We could care less how much profit they make - they are a free enterprise business, they are allowed to do so.

    And get your facts straight on how they treat their works, lots of misinformation surrounding that. They are not perfect, but not nearly as bad as some have tried to make them

    Only treat Americans equally? We say we don't want to "govern the world" but we simply can't help ourselves whether we are left or right. Only differences are the issues and the approach.

    AtlantaBuck

  • Not sure how to politicize Apple products, but FWIW, I own plenty of them. Would I rather have paid $500 for the new iPad and had Apple's profits be only $5B? Sure, but I was willing to pay what I did. No one coerced me. Their pricing is why I don't update every generation- still have the iPhone 3 and my macbook is 3 years old, but Apple has gotten plenty of my money over the years.

    Is what Apple does "patriotic"? I am just asking the question. You hear about corporations that outsource all these jobs, which clearly hurts American workers. As a business, though, I think it is their fiduciary duty to maximize profits. I have no problem with what Apple does.

    Tell me this, though, and again, I am not sure where I fall, but it's an interesting question. Is Apple the same as a health insurance company or an oil company, since they were mentioned? I don't have to have an iPhone, but I do have to drive to work. I will get sick. Is jacking up prices as high as you can get them any different when it is not so much a luxury in life but a necessity?

    The funny thing is that this is where, if the government was at all competent, you'd think they'd just build a better mousetrap. If insurance companies make so much money, shouldn't someone else who would take the profit motive out of it be able to provide the same service for less money? In theory that should work, but it certainly doesn't in terms of Medicare and Medicaid. Doctors don't want to take either for the most part, which means those patients have less access and fewer choices (especially Medicaid patients).

    Back on point, I have no problem with Apple's profits. You don't want to contribute to them? Don't buy one.

    BucksinWA

  • I dont think many people are "upset" when Apple profits. In fact its a good thing for the nation. Im sure many people have cash in Apple via their 401Ks and dont even know it. The upsetting thing is (at least for me) is that they employ thousands overseas rather than American workers. Then, the uninformed blame unions when its more about trying to squeeze every nickel of profit out of consumers. Thats fine, I understand its capitalism (of which Im a big fan) but just quit assigning blame to organized labor by saying that the workers are earning more than they "deserve" You cant applaud a company for trying to earn as much as possible and then be mad at employees for trying the same thing.You cant have it both ways.

    95buckeye

  • AtlantaBuck said...

    Only treat Americans equally? We say we don't want to "govern the world" but we simply can't help ourselves whether we are left or right. Only differences are the issues and the approach.

    Good point, --my point was in all these "descriptor words" - many on the right believe that we should treat gays and lesbians as 2nd class citizens - though I align with much republican beliefs on financial and military beliefs - but since i believe that Gays and Lesbians should be afforded equal rights and protection - I am lumped into "the liberal" group - I could care less about the title - so did not mean to say only Americans should be equal, my point was that I believe all Americans are equal gay or straight - but if that is going to have people define me as liberal so be it.

    ncbucki90

  • pazbuc said...

    I wonder how many liberals here own an Apple product? Afterall they make obscene profits and treat their Chinese workers terribly.

    I wonder how many "conservatives" use the services of police, paramedics and teachers and then bitch about how theyre draining the economy? Same logic. Its stupid to assign these "liberal" and "conservative" monikers to people that you dont even know. Any sane person sees each side and can moderate for themselves rather than call themselves by some all encompassing label. I dont understand people who line up and support things based on a "R" or a "D" when both parties have both good and bad ideas. BTW, NEITHER party gives a damn about the people anymore.

    This post was edited by 95buckeye on 4/25/2012 at 3:30 PM

    95buckeye

  • 95buckeye said...

    I wonder how many "conservatives" use the services of police, paramedics and teachers and then bitch about how theyre draining the economy? Same logic. Its stupid to assign these "liberal" and "conservative" monikers to people that you dont even know. Any sane person sees each side and can moderate for themselves rather than call themselves by some all encompassing label. I dont understand people who line up and support things based on a "R" or a "D" when both parties have both good and bad ideas. BTW, NEITHER party gives a damn about the people anymore.

    I don't think anyone begrudges public officials their pay. It's the benefits that are out of line with the private sector that they are worried about especially the ones that have non contributary healh and retirement plans that are bankrupting governments.

    pazbuc

  • pazbuc said...

    I don't think anyone begrudges public officials their pay. It's the benefits that are out of line with the private sector that they are worried about especially the ones that have non contributary healh and retirement plans that are bankrupting governments.

    So if you want to "privatize" everything, how do you do it pazbuc? enlighten us....oh by the way, you are for governments? you seem to be concerned about bankrupting governments? I think your party is good at that

    This post has been edited 2 times, most recently by DSBUX on 4/25/2012 at 5:07 PM

    signature image signature image signature image

    DSBUX

  • BucksinWA said...

    Not sure how to politicize Apple products, but FWIW, I own plenty of them. Would I rather have paid $500 for the new iPad and had Apple's profits be only $5B? Sure, but I was willing to pay what I did. No one coerced me. Their pricing is why I don't update every generation- still have the iPhone 3 and my macbook is 3 years old, but Apple has gotten plenty of my money over the years.

    Is what Apple does "patriotic"? I am just asking the question. You hear about corporations that outsource all these jobs, which clearly hurts American workers. As a business, though, I think it is their fiduciary duty to maximize profits. I have no problem with what Apple does.

    Tell me this, though, and again, I am not sure where I fall, but it's an interesting question. Is Apple the same as a health insurance company or an oil company, since they were mentioned? I don't have to have an iPhone, but I do have to drive to work. I will get sick. Is jacking up prices as high as you can get them any different when it is not so much a luxury in life but a necessity?

    The funny thing is that this is where, if the government was at all competent, you'd think they'd just build a better mousetrap. If insurance companies make so much money, shouldn't someone else who would take the profit motive out of it be able to provide the same service for less money? In theory that should work, but it certainly doesn't in terms of Medicare and Medicaid. Doctors don't want to take either for the most part, which means those patients have less access and fewer choices (especially Medicaid patients).

    Back on point, I have no problem with Apple's profits. You don't want to contribute to them? Don't buy one.

    To answer a part of your post . No, it is not the same as health insurance being a for profit industry. When your obligation is profits and not the "health" of your patients/customers it is a complete conflict of interest. If Apple makes a profit, it's because you want the latest, coolest device to listen to your music and watch you movies on. They deliver on what was promised in the purchase of an iPad. Insurance companies have been known to not cover plenty of things that would effect their bottom lline regardless of how much you pay in premiums - which is why I support the Individual Mandate. It is the only thing that's been proposed by either side of the aisle that woul ensure lower insurance rates.

    Yeah, I said it.

    shalvoy

  • ncbucki90 said...

    Why do people get upset (or envious) of those companies that show success? Sp Apple has done a great job of creating new and innovative products - they have showed leadership - and some applaud and some quickly want to attack that how dare a company be so big and or become so profitable. Apple makes mistakes like others, but also try to fix and rectify (ex China).

    We are a capitalistic society - private business as long as morally, legally and ethically doing things right should be free to grow and become as big as they want and reap as much profits as they want - market cycles, changes, etc - help keep them in line. Look over the course of history - look at the top 100 companies today compared to the top 100 in 1950 and 1970, and 1990 - see how many no longer exist.

    To me its like sports, we see SEC schools that do well and instead of giving them credit, its easier to knock them- so like in business, instead of applauding Apple -some choose to knock them. Many buckeye fans don't understand why others do not like us - but its because of our success. So many in society just naturally have distrust and distaste for those on top of the mountain.

    I am hardly a republican supporter, but I do like the fact that Romney says - he will not apologize for his success - neither should we as Buckeyes and neither should Apple

    i just wish i would have bought their stock years ago when it was around $7

    minsterbuckeye

  • 95buckeye said...

    I dont think many people are "upset" when Apple profits. In fact its a good thing for the nation. Im sure many people have cash in Apple via their 401Ks and dont even know it. The upsetting thing is (at least for me) is that they employ thousands overseas rather than American workers. Then, the uninformed blame unions when its more about trying to squeeze every nickel of profit out of consumers. Thats fine, I understand its capitalism (of which Im a big fan) but just quit assigning blame to organized labor by saying that the workers are earning more than they "deserve" You cant applaud a company for trying to earn as much as possible and then be mad at employees for trying the same thing.You cant have it both ways.

    anybody know how many people Apple employs in the states, and overseas?

    minsterbuckeye

  • pazbuc said...

    I don't think anyone begrudges public officials their pay. It's the benefits that are out of line with the private sector that they are worried about especially the ones that have non contributary healh and retirement plans that are bankrupting governments.

    when the chief of police from Cincinnati retires and he gets a payment of over $1 million in unused sick pay...thats one of the reasons people are upset with public employees benefit programs......

    minsterbuckeye

  • ncbucki90 said...

    Good point, --my point was in all these "descriptor words" - many on the right believe that we should treat gays and lesbians as 2nd class citizens - though I align with much republican beliefs on financial and military beliefs - but since i believe that Gays and Lesbians should be afforded equal rights and protection - I am lumped into "the liberal" group - I could care less about the title - so did not mean to say only Americans should be equal, my point was that I believe all Americans are equal gay or straight - but if that is going to have people define me as liberal so be it.

    Sounds like you may be more of a Libertarian than the stereotype "liberal"?

    AtlantaBuck

  • pazbuc said...

    I don't think anyone begrudges public officials their pay. It's the benefits that are out of line with the private sector that they are worried about especially the ones that have non contributary healh and retirement plans that are bankrupting governments.

    Paz, I beg to differ. Ive worked in both and the reason Ive stayed in the private sector is that the money is WAY better. Ill take my 401K that I control any day of the week. The benefits used to be better in the public sector but not so much anymore. (Im referencing my wife whose a pharmacist and Ive discussed that very topic with her.) A lot of that stuff varies so significantly by the city that its not accurate to lump them all together. At least we can all agree that Michigan sucks.

    This post was edited by 95buckeye on 4/25/2012 at 8:41 PM

    95buckeye

  • @minster....your angry that a police chief walks away with (supposedly) a million dollars as opposed to ceos at Countrywide Mortgage who walk away with tens of millions? Or BP execs getting safety bonuses after a massive oil spill? Again, thats the problem. People expect (in your case the police chief) to run an entire police department and do it for peanuts. Im sure theres more to it than sick time assuming your figures are correct. Dont forget, those bailouts were also tax dollars and I didnt see any Wall Streeters begging on the streets

    95buckeye

  • 95buckeye said...

    I dont think many people are "upset" when Apple profits. In fact its a good thing for the nation. Im sure many people have cash in Apple via their 401Ks and dont even know it. The upsetting thing is (at least for me) is that they employ thousands overseas rather than American workers. Then, the uninformed blame unions when its more about trying to squeeze every nickel of profit out of consumers. Thats fine, I understand its capitalism (of which Im a big fan) but just quit assigning blame to organized labor by saying that the workers are earning more than they "deserve" You cant applaud a company for trying to earn as much as possible and then be mad at employees for trying the same thing.You cant have it both ways.

    Did they move labor overseas to squeeze every nickle out of the American consumer? or did they move labor overseas to sell the product at the price point demanded by the American consumer?

    are unions part of the blame? of course they are, artificiall high wages and beni's forces a business decision. is govt to blame? of course it is, tax policies and regualtion policies force a business decsion. are teh amercian consumers to blame? of course they are we demand the 300 dollar 80 inch hi fi, diamond crystal TV, if it was sold at 1500 and made in America, no one will buy it because it exeeded our price point, so we forced a business decision. Teh TV market is the classic example of this, in teh 70's and 80's over 90% of all tvs sold were built here, than the tech boom hit and the American consumer wanted the new tech for the same price of the old tech, it forced a business decsion and now less than 10% of TV's are made in the US.

    the uninformed that only blame big business and not spread the blame to unions, Govt and consumers are just that uninformed.

    gpracer73