Worth more than food and shelter? I assume that's because you would still have it with or without the iPad. Because I would think if you lacked food or shelter - that would be more worth it.
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Apple Donates $2.5 Million to American Red Cross for Hurricane Sandy Relief
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Worth more than food and shelter? I assume that's because you would still have it with or without the iPad. Because I would think if you lacked food or shelter - that would be more worth it.
But will it have decreased value if it has water damage or a yellow tinted screen?
Sure. But I didn't lose money. I was insured. I lived on my screened in front porch for a month. I just had to drive 30-45 minutes for an unaffected area.
Obviously, food or shelter is a priority for people that lost everything, especially jobs for people living paycheck to paycheck.
That was my point, exactly. Yes, I acknowledged at least they donated something under Tim Cook (Jobs only charity was himself and he made no bones about saying so from what I've read about the man), but given Apple's capital, it looks more like a publicity stunt than anything else. $2.5 Million is a complete PITTANCE by Apple in terms of cash on-hand. It's the equivalent of someone with $100k on hand giving $2.50 or an average person's income around $50k these days (and yes that is an average that includes all the millionaires figured into it so a "typical" person makes far less overall) of $1.25 out of their pre-tax income. Every bit counts, but it's not something to brag about and news sites carrying it doesn't help.
Now if Tim Cook personally donated that much, I'd be a LITTLE bit more impressed (and yes he can darn well afford it without hurting him a bit). But Apple? I bet they spent 100x that on their latest iPad Mini commercial alone. They reportedly spent $21 Million just to pay off the Swiss Clock lawsuit (not counting court/lawyer costs) and that was a pocket change decision (literally).
You're right that it is 0.0025% in Apple's case (i.e. 0.000025 x 100 billion = 2.5 million), but 0.000025 x $100,000 = $2.5, not $250 (i.e. 0.0025% = 0.000025 decimal).
Frankly, the average household income is more like $50k a year (let alone cash on hand) and I think that's averaging in all those 1% millionaires and billionaires into the figure relative to population as well so the actual figure for the other 99% is much lower in reality (and that's INCOME, not cash on-hand!). Most people are in DEBT, not sitting there with $100k in the bank, so using Apple's "example" of what to give relative to cash on hand, I'm guessing "10 cents" isn't far off from reality for the rest of us. Thank goodness real people are FAR more generous than greedy corporations.
THAT'S IT?!
Some people here are happy Apple paid this much. This is downright insult to humanity.
A company making THIS MUCH MONEY, and has THIS MUCH CASH donates ONLY 2.5 million is just retarded!
Michael Schumacher, who is a ONE PERSON, donated $10 million BACK IN 2005 to Asian countries and he's not even from there!
Apple, the American, donating 2.5 back. Wow.
Some people here are happy Apple paid this much. This is downright insult to humanity.
A company making THIS MUCH MONEY, and has THIS MUCH CASH donates ONLY 2.5 million is just retarded!
Michael Schumacher, who is a ONE PERSON, donated $10 million BACK IN 2005 to Asian countries and he's not even from there!
Apple, the American, donating 2.5 back. Wow.
People do realize that Apple is a public corporation and not a private company, right? Giving away investor's money can be a justified business practice based on building goodwill among consumers. But there is a limit on the return of that investment.
If investors want to give away their own money, they can sell their stock and contribute to a cause of their choosing.
All of this talk of greed is just baffling.
If investors want to give away their own money, they can sell their stock and contribute to a cause of their choosing.
All of this talk of greed is just baffling.
Imagine if everyone on the planet donated the same % as Apple have, I'm sure that would be appreciated!
I'm glad you made the equivalent % donation yourself
