Students allegedly forced to work at Foxconn assembly lines as new iPhone nears

8. PhoneArenaUser posted on 11 Sep 2012, 08:59 6 2

Apple customers should know that by purchasing highly overpriced products you are just increasing depreciation of currency and it affects whole financial and economic situation, it is one of the reasons why begins various financial and economic crisis.

So, "THANK YOU" Apple customers for your contribution to the current financial and economic situation! ;)

32. E.N. posted on 11 Sep 2012, 18:49 1 1

http://www.phonearena.com/news/J.P.-Morgan-Sales-of-6th-gen-Apple-iPhone-could-boost-Q4-GNP-by-.5_id34291

- according JP Morgan (who I'm pretty sure knows more about the economy than you do), iPhone sales will actually benefit the US economy by increasing GNP. GNP is a "economic condition of a country" and a higher GNP "leads to a higher quality of living"

So, "YOU'RE WELCOME"

33. remixfa posted on 11 Sep 2012, 19:41 1 1

yea, and if you look at the numbers, they are SPECULATING a 50% boost in GNP from previous iphone sales.

AGAIN, and I posted this on that very article, that means they would need a 50% increase in sales OR MORE considering thier supply costs have gone up since they have to pay their slave workers more. A lot has changed since the i4s launch.
Not only would they have to have AT LEAST 50% more sales to make those numbers.. they would have to have a few more sales in general to have the same impact as last year since their profit margin is slightly smaller.

Also, considering that they hide the bulk of their money in off shore accounts, it may affect stock price, but its not going to do much to directly benefit anyone in the US.

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35. E.N. posted on 12 Sep 2012, 00:08 1 1

Isn't almost everything speculation? PhoneArenaUser is putting some blame on Apple for the economic crisis, yet he has no research at all to back up his claims. PURE Speculation. As for this study, JP Morgan is pretty respected, so I think they have a little more credibility....just a little

What you said is correct, but its still possible. Keep in mind they aren't including the sales of 4S which will probably sell at $99 and also they only predicted 8 million sales of the new iPhone, which I think is a large underestimation.

All in all, the point I was trying to make is that Apple may be benefitting the economy more than it is hurting it (if its even hurting it at all). I don't think that's a crazy thing to suggest

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36. rusticguy posted on 12 Sep 2012, 00:52 1 1

Arthur Anderson (once amongst "BIG 5" accounting firms) were also very respected untill the castle fell with ENRON scandal.

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37. remixfa posted on 12 Sep 2012, 01:05 1 1

the economy would benefit a lot more if apple would repatriate its earnings, pay the owed taxes to the american people, and bring some parts of its manufacturing home to the US. I'm sorry, but im sick of pretending its still a US company when 70%+ of its worksource and money is over seas and will never return home.

Whatever its benifit might be.... is all speculation. you never know. the i5 could fall flat on its face or it could be the 2nd coming of the electronic jesus..... or anything in between.

speculators speculate because it increases THEIR money. The more they speculate, the more hype there is.. the more likely people are to BUY... which increases the stock's value. Which makes them money.

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38. E.N. posted on 12 Sep 2012, 02:14 1 1

I seriously think we're getting off topic. I'm not here to discuss the many different ways Apple can benefit the economy or to discuss the techniques in speculation. PhoneArenaUser posted that Apple is partly to blame for the economic crisis without any research at all and I posted more tangible and realistic analysis to negate that. He's speaking from his ass and I provided info from a somewhat reliable source.

I don't want to get into taxes, production in the U.S., the BIG 5 accounting firms, Arthur Anderson, etc...lol. My only point is that we don't have enough evidence to put some of the blame of the economic crisis on Apple without any research, especially when there's a chance that they're perhaps maybe possibly helping the economy.

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41. PhoneArenaUser posted on 12 Sep 2012, 03:19 0 1

Read my comment #39 and #40.

Here is example for you:
Think twice what will happen to the currency if an company will start globally selling 1kg aluminium bricks at 1kg platinum brick price and many of peoples would start purchasing them like a zombies.
THE ANSWER: IT WOULD KILL VALUE OF CURRENCY!

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43. E.N. posted on 12 Sep 2012, 03:26 1 1

you're comparing a natural/basic resource to a luxury/inessential product. High prices for a basic resource is very bad, because whatever company that wants to use those resources have to seriously bump up the price of their product. But since the iPhone is a finished product, they don't have a chain effect. Whatever people decide to spend their excess money on (after gas, food, water, shelter, etc..) is not very significant.

I feel like I'm talking to high schooler straight out of economics class. You need to start taking better notes.

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44. E.N. posted on 12 Sep 2012, 03:36 1 1

And also, think of all the companies that benefit because of companies like Apple. Think of all the cases makers, iPod/iPhone stereo makers, application developers, etc etc. Apple has helped create a new market, not only in smartphones...but in all many other aspects related to smartphones as well. I'm sure you're teacher about how things like that can be beneficial to the [world] economy.

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40. PhoneArenaUser posted on 12 Sep 2012, 03:07 0 1

"PhoneArenaUser is putting some blame on Apple for the economic crisis..."

By saying it, I put blame not on Apple, but on Apple's customers. Also I don't say that exactly they had caused economic crisis, I say that " it is one of the reasons why begins various financial and economic crisis."

"...yet he has no research at all to back up his claims. PURE Speculation."

I don't need any researches to prove that by purchasing UNREASONABLE - BASELESS overpriced products you are increasing depreciation of currency because it is not my opinion or speculations, it is the FACT from economy. It is basics and you can learn about that in almost any institution of higher education even if your specialty is not related with economics, it is basics!

And leave J.P. Morgan's researches alone, because I'm talking about depreciation of currency not about America's GNP.

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42. E.N. posted on 12 Sep 2012, 03:23 1 1

Yeah I know you said "it is one of the reasons." Just like like I said "some of the blame." Well I assumed you were talking about the U.S. because that's what the original post (comment #3) is mainly about. So that means you're just posting random crap just for the hell of it. Not surprised.

and GNP may not measure depreciation of currency, but it does measure "economic condition" and "quality of living," which gives a more complete picture of the economy.

The fact is, if what you're claiming is even remotely significant, we would have already heard about it from some kind of trusted company, and not some random fanboy wannabe world economist.

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45. PhoneArenaUser posted on 12 Sep 2012, 05:08 0 1

Simple question for you: Do you deny the fact that by purchasing UNREASONABLE - BASELESS overpriced products you are increasing depreciation of currency ?

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39. PhoneArenaUser posted on 12 Sep 2012, 02:52 0 1

First, I was talking not about America's GNP, I was talking about depreciation of currency GLOBALLY!!!
Yes it helps for U.S. GNP since Apple is an American corporation and since Apple's products are for export too, but that doesn't change the fact that by purchasing UNREASONABLE - BASELESS overpriced products you are increasing depreciation of currency! It doesn't matter you like it or not, but it is the fact! Also remember that U.S. is not the only one country in the world and that economy is closely linked.

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20. Droiddoes posted on 11 Sep 2012, 12:30 5 1

I see your point but disagree. Apple fans have such a cult mentality that the "new" iphone could go back to 2G, 3mp camera, 118ppi screen and people would STILL camp out for days or slit their momma's throat to get one.

16. tluv00 posted on 11 Sep 2012, 11:34 3 0

He brings the slowest workers back to his hotel for a little one on one "training".

6. Droid_X_Doug posted on 11 Sep 2012, 08:55 6 1

The whole contract manufacturer scam is a means for companies (not just Apple, but any company) to claim plausible deniability for labor abuse. I am wondering how many under 18-ers are being employed as 'interns'. If the 32,000 number is the population of under-18ers, that needs to stop IMMEDIATELY. Maybe time for a ban on products made with child-labor?

7. SuperAndroidEvo posted on 11 Sep 2012, 08:58 5 2

EXACTLY, I just don't get why Apple would even be in the same sentence with "student" labor. It really gets me that Apple has "no say" as the client on who works on THEIR products. I just don't believe that at all.

Apple knows more than they are claiming!

This is just plain old ugly.

+1

18. remixfa posted on 11 Sep 2012, 12:26 4 1

Apple has full control over those foxconn plants. Foxconn has said many times that the practices at the plants are dictated by the partners demands in their contracts and that Apple has the worst conditions of all their mobile electronics plants. Where's the reports of this happening at the MS and Asus plants if it were all of foxconn's plants doing this?

Apple keeps a thumbscrew on every supplier, they know exactly what is going on.. just like under Jobs, they dont give a shyt. You forget, under jobs, Tim Cook was the one responsible for supplier contract negotiations.

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21. Droiddoes posted on 11 Sep 2012, 12:31 1 0

You don't think apple cares, do you? As long as they keep cranking out their novelties they could have toddlers on the production line for all they care.

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14. jmoita2 posted on 11 Sep 2012, 11:20 7 0

Like they care...

26. arsenaljimenez posted on 11 Sep 2012, 15:02 2 0

Yeah, im pretty sure they would live with knowing that
as long as they look cool.

12. -box- posted on 11 Sep 2012, 11:01 2 1

Inevitably. That's at least one of the reasons China is the most popular car market right now, especially for luxury and exotic cars

29. ogy_dogy posted on 11 Sep 2012, 16:37 0 0

Communism has nothing to do with this. this is capitalism in its purest form. use the cheapest labour and sell for the highest profits, this is apples doing, and apple is an american company...

22. Droiddoes posted on 11 Sep 2012, 12:33 4 1

They won't, bunch of hypocritical hipsters. They don't care as long as they get their shiny outdated overpriced novelties.

24. remixfa posted on 11 Sep 2012, 13:11 2 1

Its amazing that most of those "hipsters" are also obama voters and people that scream for the end of inequality at home.. but as long as its happening elsewhere in the world, they turn a blind eye because they dont want to give up their toys. Keep railing against the 1% while you support one of the dirtiest, and worst examples of capitalist companies in the world.

27. jmoita2 posted on 11 Sep 2012, 15:16 0 1

How in the hell have you managed to insert Obama into this one beats the heck outta me...

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34. remixfa posted on 11 Sep 2012, 19:43 0 1

because most "hipsters" are also liberals. they go hand in hand. those "baristas" and the stereotypical iphone users are by and large democrats. Which feeds the irony of their likely support of "Occupy" movement and Obama, while they are also supporting one of the worst human rights offenders in the 1st world.

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30. ogy_dogy posted on 11 Sep 2012, 16:39 1 0

You see, they just cant afford to pay them more, otherwhise they wont be able to afford that spaceship they are building...

46. jmoita2 posted on 12 Sep 2012, 10:04 0 0

Where did you get the image for the avatar??? It's cool!!!