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Paul Buchheit reports via Common Dreams
An emotional response to any criticism of the Apple Corporation might be anticipated from the users of the company's powerful, practical, popular, and entertaining devices. Accolades to the company and a healthy profit are certainly well-deserved. But much-despised should be the theft from taxpayers and the exploitation of workers and customers, all cloaked within the image of an organization that seems to work magic on our behalf.
1. Apple Took Years of Public Research, Integrated the Results, and Packaged it as Their Own
2. Even After Taking Our Research, Apple Does Everything in its Power to Avoid Taxes
3. Overcharging Customers
The manufacturing cost of a 16 GB iPhone 6 is about $200, and with marketing it comes to about $288. But without an expensive phone contract with Verizon, AT&T, or one of the other wireless carriers, the cost to the customer is at least $650.
4. Underpaying and Mistreating Employees
5. Apple Has Figured Out How to Spend Most of its Untaxed Money on Itself
Apple's View:
The tax-avoiding, research-appropriating, cost-escalating, wage-minimizing, self-enriching Apple Corporation has, according to CEO Tim Cook,[1] a very strong moral compass.
[1] Link in article redirects.
(Score: 2) by gnuman on Wednesday May 20 2015, @06:46PM
For a guy that leads off demanding a citation, how is it your next paragraph blurts out
Reading comprehention 101? The point said,
"Apple Has Figured Out How to Spend Most of its Untaxed Money on Itself"
I said, CITATION NEEDED, implying they DO NOT. Then I write that having $200B in cash and more coming in faster than they can and are spending seems to reinforce that idea. No? Apple is NOT spending money. They are hoarding it.
Says who? Do you know what Apple has up their sleeves? What new developments are they funding?
They are not funding anything. All they are hoping for is that someone will come up with a "foreign tax holiday" after next election and they will not have to pay taxes on that money. That is extend of "stuff up their sleeves". If Apple doesn't know what to do with the money, they really need to return it to shareholders as a one-time dividend and be done with it.
PS. Yes, I'm an Apple shareholders thanks to S&P 500 index fund. Thus by definition, it's not *THEIR* money, it's *MY* money (at least a tiny slice of it).
(Score: 0) by Anonymous Coward on Friday May 22 2015, @11:57AM
ftfy