Articles
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The secrets behind Apple's profits
For some the pursuit of profits seem to have no limits, especially when there are no legislations that prevent abusive practices. This is how giant companies like Apple or Foxconn make profits, where employees live in crowded dorms and work a 24-hour shift.
Apple crushed profits estimates during the fourth quarter sales of iPhones and iPods soared. As quarterly profit more than doubled Apple became briefly the world’s biggest company this week with a market value of $423.7 billion.
However a report published in the New York Times indicated that these profits may have come at the “expense of workers in China at factories that supply its components and assemble its products”.
Inside Apple’s factories in China one can find that employees are forced to work a 24-hour shift after which they can hardly walk, and they live in crowded dorms being exposed to dangerous chemicals.
The New York Times reported that Apple knew conditions inside the Chengdu plant in southwest China, but its unknown if they took an action or not. “‘If Apple was warned and didn’t act, that’s reprehensible”, told Nicholas Ashford the New York Times.
Yet the banners that were seen around Chengdu plant were giving warnings to the 120,000 staff saying: “Work hard on the job today or work hard to find a job tomorrow”.
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