What does Apple do with her huge money?

Discussion in 'Free Thoughts' started by Saint, May 14, 2017.

  1. Saint Valued Senior Member

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    Apple has the most cash among the companies, reportedly nearly one Trillion USD.
    Does Apple do charity to benefit people?
    What's the purpose of earning more money?

    Iphone has quality, but it is indeed made in china.
    Without Foxconn, Apple won't be able to make iphone at such cost.

    It is wrong to blame China for taking jobs away from USA, it is the US companies who want to make their products in China.
     
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  3. birch Valued Senior Member

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    research/testing, bonuses, high ceo pay.
     
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  5. Saint Valued Senior Member

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    that is not good to the society.
     
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  7. billvon Valued Senior Member

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    Apparently, in Apple's case, to sue people.
     
  8. C C Consular Corps - "the backbone of diplomacy" Valued Senior Member

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    If a "cardio hemorrhaging" facade and conforming to this century's version of the "square establishment" is the standard which one is evaluating businesses / industries by... Then Microsoft ironically appears on some progressive lists rather than Apple. (Incongruity with respect to how often an everyday SJW on the street might seem to complain about MS or vilify it at times.)

    But the infamous conservapedia categorizes Apple as southpaw.

    A poll backed by Fortune-500 indicates that Apple has both left and right advocates.

    "However, there were also a number of similarities, with both liberals and conservatives naming Amazon, Walt Disney, Apple, Microsoft, Johnson & Johnson, and Alphabet among companies they like, which is also expected since these companies generally score well in consumer confidence polls." --10 Most Liberal Companies In The US
     
  9. DaveC426913 Valued Senior Member

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    It is.

    It creates jobs directly, it creates jobs indirectly via entire industries that support Apple products, it helps people live their lives more the way they want, which means they're happier, and spend money, etc.

    It is supporting capitalism and a thriving, growing economy.

    Remember, if there are no consumers with cash, then there are no consumers who can contribute to charities.
     
  10. spidergoat Valued Senior Member

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    Investing in research centers and talent to fuel further growth.
     
  11. Saint Valued Senior Member

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    That does not need so much money.
    Apple's products do not deserve such a high price.
     
  12. exchemist Valued Senior Member

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    What some people tend to forget is the role of the dividend that companies such as Apple pay their shareholders: http://www.foxbusiness.com/markets/2017/05/13/apple-is-now-world-biggest-dividend-payer.print.html

    The beneficiaries of these dividends are largely people such as you and I, who have pensions or savings plans that may involve Apple shares.

    The money doesn't just go into the pockets of guys in top hats with huge cigars and luxury yachts - though there is some of that too for the CEO and board members, of course.
     
  13. C C Consular Corps - "the backbone of diplomacy" Valued Senior Member

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    Matter of personal choice. Either the claims of higher quality are a fact that requires the extra price or the claims have deteriorated to a promotional myth (but Apple still benefits from a sustained "cult of cool" that grants them an "Armani suit" prestige to be successfully expensive).

    Returning to the matter of their "goodwill" reputation in terms of society...

    Apple along with others arguably have "indentured immigrants" who get snared in static contracts via the whole labor trafficking process, and may depend upon a company and mediating brokers to have a major (if not sole) influence on whether their visas / working permits are renewed / extended. IOW, despite laws and even company policies forbidding it, they can be held "hostage" to below average wages and other conditions. The heads of corporate offices buffer or excuse themselves from knowing any of this stuff is going on, similar to how in former times the captains and owners of the shipping industry feigned being in the dark as to how crimps were supplying them with shanghaied sailors.

    Thus a degree of cynicism is perhaps warranted when these Silicon Valley giants (and elsewhere) complain about constraining immigration policies. That they're only "recruiting the the brightest and most talented" wonks around the world to maintain a competitive edge. It might intermittently as much be:
    • "Contracting with labor brokers also benefits US employers. They can staff up swiftly for temporary jobs and slim down just as fast, with workers paid below-market rates. The brokers, meanwhile, deal with immigration regulations and paperwork and generally are on the hook for claims that H-1B worker protection laws were violated." --Tech Firms Employ Thousands of Immigrants as "Indentured Servants ... Kevin Montgomery

    This pertains to "bleeding heart" facades of economic and political agencies in general. There can be ulterior motives behind secular ideological altruism and receiving "sainthood" applause as much as the traditional religious kind. Germany's incredible generosity of 2015 in regard to accepting Syrian refugees stemmed from strategies formulated years earlier by Angela Merkel's administration to address the country's looming labor shortage crisis.

    But on the other hand, if it takes hidden motives and conspiracies of self-interest to get "good deeds" finally rolling, then perhaps don't get too "H. L. Mencken" super-sneering or overboard about it (with respect to the general territory).

    https://www.theguardian.com/us-news/2014/oct/28/-sp-jobs-brokers-entrap-indian-tech-workers

    http://www.nbcbayarea.com/news/local/Silicon-Valleys-Body-Shop-Secret-280567322.html
     
    Last edited: May 16, 2017
  14. DaveC426913 Valued Senior Member

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    "deserve"?

    If people didn't think Apple deserves so much money, they can always vote with their money - by taking it elsewhere.

    Free market capitalism is one of the few economies that actually works.
     
  15. spidergoat Valued Senior Member

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    Doesn't take much money? Is that a joke? If you don't innovate and invest in talent and infrastructure, you might as well just give up now. And it takes billions.
     
  16. Saint Valued Senior Member

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    misfeasance = political wrongdoing?
     
  17. spidergoat Valued Senior Member

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    malfeasance
     

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