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Apple Reports Record-Setting 1Q 2021 Results: $28.8B Profit on $111.4B Revenue [Conference Call Transcript]
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288,000 jobs doing... what? Certainly, Apple in no way needs 288,000 new employees. So should Apple pay these people to... build roads? Grow corn? Watch Netflix?
I am all for job creation, but it has to be *real* jobs. Paying 288,000 people $100k each to sit around isn’t job creation.
Just think what the numbers would be if they ever get around to lauching a new Apple TV and AirTags!
Wait until you lost your job, or the jobless raiding your neighborhood, or the Capitol is stormed again... I am hopeful for you to understand at some point... for some it takes longer though
Yeah right, because thats what I said, they hand over 100k for doing nothing - just as foxconn and co are not needing any employees - come on... don‘t extract the bits you want to hear (and I didn‘t say) so you can make a dodgy argument
I'd take $100k for watching netflix! Since they've been profiting off a pandemic, why not put all that money to distributing vaccines? They could create a subsidiary that isn't used just to evade taxes!!!
swingerofbirch
macrumors 68040
I think Tim Cook is largely doing what he did before Steve Jobs died. He started moving Apple to China in the late 1990s. He is a master at getting blood out of turnips.
I wouldn't equate profits with meaning someone must be doing something right, at least not in the sense of the term that right means good.
Herbalife is profitable. Is what they are doing right?
swingerofbirch
macrumors 68040
For one thing they could hire AppleCare employees. Most people you talk to at AppleCare don't work for Apple. Those could be US domestic jobs instead of contract gigs. Apple has relatively few employees for how much revenue they have, even comparing to companies in the same industry.
When you don't employ a person, you cheat that person and the Social Security system by not paying payroll taxes. You avoid nearly all labor laws. When I "worked" for AppleCare, all of my training came directly from Apple, my role was identical to that of an internal AppleCare employee, yet we were told constantly that "job" was a four letter word. Because we were independent contractors (yet worked *exactly* like employees), we had no minimum wage, no matching payroll tax, no benefits, no labor protection, no sick days, ec. Basically like Uber, except with Apple you don't see it.
Edit: Also, as great as AppleCare is, and the fact that it's North American based, you still would have never known talking to me that I wasn't an Apple employee. We were not allowed to state otherwise. If asked, I was supposed to say I worked in an Apple call center, which was in no way true.
Largely disingenuous post. If it were easy to make $111B in a quarter, corporations would be doing that without breaking a sweat.
If Tim Cook is a master at getting blood out of turnips, then I would like to see anybody who criticizes Apple in a similar manner design, create, manufacture a product, create a services infrastructure that's a profit center and get people to buy into it. To a tune of $111B/quarter.
What Apple is doing, is exactly what they should be doing. They are a for profit company creating products and services that appeal to a large number of people, not a charity organization and not an organization like GE that create medical products that do good for humanity, for a price. They do not have to run the company the way MacRumors posters say it should be run. Not everybody likes the company, the products, the politics of the CEO, fair enough. It's up to the individual to decide if Apple products are right for them.
Apple has put it's wealth and talents for the good of humanity across the globe. MacRumors has detailed many of those efforts on the news feed.
The final dividend at 20.5 cents in two weeks. Having to wait three months to find out what the May rate will be is going to drive me bonkers. Anything over a 10% increase would be nice. 20% would really be nice. LOL.
My best guess for the increase is 12% (23 cents/share) or 7% (22 cents/share). Hoping for former, expecting latter.
My best guess for the increase is 12% (23 cents/share) or 7% (22 cents/share). Hoping for former, expecting latter.
Yes, disingenuous... of course they do what they are supposed to do - nobody says otherwise - the point is however they are not doing what they could be doing, and still turning a profit. And if the „good„ of humanity means rise of populism than yeah, that is unfortunately your interpretation.
Good they they havent found a way to kill the used market. Imagine if they made products so affordable the low end buyers didn't have to buy used? How much bigger would these earnings reports be? Don't say they are affordable now, people used to buy used systems and upgrade them to the max specs and get more out of them. Apple killed that too. Having said that, there is no way they don't break every single record this year. Way too many people stopped upgrading because there wasn't anything worth upgrading to for full price. They are upgrading this year and next year for sure.
Point of clarification. Apple isn't doing what they do in the way YOU want them to do it. That is very different than saying Apple isn't doing what they could be doing, which in some cases they have gone above and beyond.
Sounds like standard call center employees. Most company’s have vendors like this. Some vendors might even handle calls for a company one day and something different the next.
As is true with just about any company, certainly those that are traded publicly, they are not in business to do the greater good for society. It’s unfortunate that for most people, the only way to benefit from Apple’s good fortunes is buying shares in the company. It’s not really a bad thing, because anyone with money to invest CAN invest in Apple and realize the benefit, but not everyone has the money to invest in the first place.
Of course Apple does do good beyond their own employees, for example the App Store has opened up their ecosystem to tens or thousands of developers, marketers, etc. who benefit from having their products marketed to Apple owners.
Not to make a political statement, but in the past, companies were taxed at very high rates and those taxes were then used to do things for the greater good - like build roads, hospitals, schools, etc. Tax law changes in the ‘60’s and ’70’s forever set us (in the US) on a path where those dollars didn’t disappear, but they simply went to owners and shareholders of companies, most of whom were not using their gains to build roads, schools, hospitals, etc.
Not necessarily. Apple Support Advisors work in the US, China, Ireland and Singapore
Apple Support Advisor - Jobs at Apple - Apple
Fair enough - above and beyond however has not happened where it matters - lifting “millions“ out of poverty - while we have a major devide in our country - by your logic all small and medium business owners, who provide and/or create jobs here should get preferential treatment in every respect for keeping „isms“ at bay just by their virtue of doing the right thing - as opposed to apple and co who abuse their social mandate and erode our functioning democracy just by their virtue of being a bad citizen.
Wrong - there is no rule or law that mandates paying dividends.
Apple's long stretch of not paying any dividends reflected Jobs opposition to them. During Jobs second tenure at Apple from 1997 to 2012, apple didn't pay a single dividend, even as its cash hoard ballooned to over $50 billion in 2011. Only righteous Tim changed that.