In January, the New York Times published a controversial and troubling report about working conditions in Chinese FoxConn factories where products are manufactured. Beneath the smooth exterior of the iPads and iPhones that have so captured the American imagination was a supply chain riddled with workers’ rights issues. CEO responded by saying that cares “about every […]
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Writing at Slate, Farhad Manjoo says , which recently clocked in at over $500 a share, is still a bargain: In six months without , has done spectacularly well. Three weeks ago, it announced quarterly revenues of $46 billion and profits if $13 billion, double the same period last quarter. And its stock price has climbed […]
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It turns out that conditions at FoxConn, the Chinese firm that helps manufacture iPads and other devices, are much better than at garment factories and other Chinese factories according to the Fair Labor Association which is conducting a review of the plants: Auret van Heerden, president of the FLA offered no immediate conclusions on the […]
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(AAPL) is reporting a record first quarter. As reports, this has propelled to new heights, with a market capitalization that tops Exxon by almost $5 billion. According to a press release from the Cupertino-based tech giant, the company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 […]
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Apple is reporting that co-founder and longtime CEO of the company, Steve Jobs, has died at the age of 56. Jobs was just 21 when he helped found the fledgling computer company. Apple is now one of the largest companies in the world. Its resurgent success was largely due to Jobs’s uncompromising vision as CEO, […]
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Tuesday may be iPhone day and Tim Cook, Apple’s new CEO, may have a whole bunch of new gadgets and updates to announce to the world, but the entire event will take place in the long shadow of Amazon’s new Kindle lineup. The 7″ Amazon tablet may be diminutive compared to the larger iPad, but […]
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