Apple Inc

This article is part of the Center for Media & Democracy's spotlight on global corporations.

Apple Inc.

Type	Publicly-traded corporation
Founded	California, USA - 1976
Founder(s)	Steve Wozniak, Steve Jobs, and Ron Wayne
Headquarters	Cupertino, CA, USA
Area served	worldwide
Key people	Steve Jobs (co-founder and CEO), Peter Oppenheimer (CFO, Principal Accounting Officer, Sr. VP of Fin. and Corp. Controller), Timothy Cook (COO), Ron Johnson (VP of Retail), Anthony Fadell (VP of Ipod Division)
Industry	technology, personal computers
Products	personal computers, portable digital music players, and mobile communication devices, as well as related software, services, peripherals, and networking solutions
Services	retail stores, hardward and software services
Revenue	13.93 billion USD
Operating income	1.65 billion USD
Net income	1.34 billion USD
Total assets	10.3 billion USD
Employees	21,600 (full-time)
Website	http://www.apple.com

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Company History

The first Apple computer was designed by Steve Wozniak (a then-HP employee) and Steve Jobs. They sold fifty units of the Apple I to a local computer store in 1976, and continued to design new models, including the Apply ][+ and Lisa in the 1970s, eventually gaining investment from Xerox in 1978.

Political and Public Influence

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Corporate Accountability

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Labor

Longhua town in Baoan district, Shenzhen province, China, is dominated by the Foxconn factory and its dormitories. This facility produces iPods for Apple. It has over 240,000 employees, with plans for 300,000 in the near future. Although workers receive free housing and food, have medical benefits (the company pays 80% of expenses), and have 3 months of maternity leave, workers at the factory live in dormitories so crowded and noisy they cannot sleep properly, are forbidden from cooking or having visitors, are isolated because of the barren world outside the factory gates, and are not paid for all of their wages.

Lite-On Xuji Electronics Co., Ltd. Is a keyboard manufacturer based in Dongguan, China. The factory was founded in 1995, and while Dell is its major buyer, Lite-On Xuji sells keyboards to Acer, Apple, Foxconn, Gateway, HP, IBM, Lenovo, Logitech, Microsoft, NEC, Sony, and Toshiba. According to a 2008 report conducted by SACOM and Bread for All, the factory employed 3000 workers who work between 10 and 12 hours a day. The factory began paying workers legal wages and overtime wages in 2008, while they had been paying illegally low wages in 2006 and 2007. However, workers continue to work more than 100 overtime hours per month, well about the legal limit of 36 overtime hours monthly. Due to long hours standing, repetitive tasks, and high work speed, workers suffer from swollen legs, back pain, and other repetitive motion injuries, as well as irritation from paint and paint thinner fumes name="high tech 31-2"> Jenny Chan, the Research Team of SACOM, and Bread for All. May 2008. “High Tech – No Rights? A One Year Follow-up Report on Working Conditions in China’s Electronic Hardware Sector.” P. 31-2.</ref>. Despite these problems, Xuji factory has no program in place to “identify, evaluate, and control the hazards that arise from physically demanding work.” Management threatens workers who make mistakes with the possibility of the withdrawal of factory client orders. name="high tech 31"> Jenny Chan, the Research Team of SACOM, and Bread for All. May 2008. “High Tech – No Rights? A One Year Follow-up Report on Working Conditions in China’s Electronic Hardware Sector.” P. 31.</ref> Worker dormitories are very crowded and noisy, housing 16 workers per room, who must share all facilities in common and often have trouble sleeping due to noise. name="high tech 32"> Jenny Chan, the Research Team of SACOM, and Bread for All. May 2008. “High Tech – No Rights? A One Year Follow-up Report on Working Conditions in China’s Electronic Hardware Sector.” P. 32.</ref> While workers were not aware of their labor rights under the EICC, they still “expressed the urgent need” for safety training as well as shortened standing work hours or at least longer breaks and rest periods. name="high tech 32"> Jenny Chan, the Research Team of SACOM, and Bread for All. May 2008. “High Tech – No Rights? A One Year Follow-up Report on Working Conditions in China’s Electronic Hardware Sector.” P. 32.</ref>

Environment

Apple received a score of 4.1 out of 10 possible points in a recent Greenpeace International ranking, scoring positive points for releasing products free of brominated flame retardants (BFR) and PVC vinyl plastic, as well as other hazardous materials, but scored negatively on most recycling criteria.

Business Scope

Lines of Business and Major Products Paragraph Units/Subsidiaries

Customers	Suppliers	Creditors	Competitors
Customer 1	Lite-On Electronics	Creditor 1	Dell
	Primax	Creditor 2	Hewlett-Packard
	Lite-on Xiju	Creditor 3	Microsoft
Customer 4	Volex	Creditor 4	Competitor 4

Financial Information (2008)

Ticker Symbol: AAPL
Main Exchanges:NASDAQ
Investor Website:http://www.apple.com/investor/

Shareholder	% Total Shares held
Barclays Global Investors UK Holdings Ltd	4.11%
FMR LLC	3.53%
STATE STREET CORPORATION	3.20%
AXA	3.12%
VANGUARD GROUP, INC. (THE)	3.03%

Largest Shareholders

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Country	Revenue	Profits	Assets	Employees
Country 1	Revenue 1	Profit 1	Assets 1	Employees 1
Country 2	Revenue 2	Profit 2	Assets 2	Employees 2
Country 3	Revenue 3	Profit 3	Assets 3	Employees 3
Country 4	Revenue 4	Profit 4	Assets 4	Employees 4

Governance

Executives Board members/affiliations Executive director/compensation Date and venue of next AGM