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  • The world’s largest corporations presently create a significant amount of the global

  • GDP, with names such as Microsoft, Google, and McDonald's becoming part of a child’s

  • vocabulary very early on, even if that child lives in a far-flung region of the world.

  • Facebook announced this year it has 2 billion users, which is quite a chunk of the 7.5 billion

  • folks currently residing on planet Earth.

  • In 2015 ForeignPolicy.com listed the top 25 corporations, with Walmart filling the number

  • one spot.

  • Its 2.2 million employees are more than the entire population of Slovenia.

  • Nestle, in ninth place on the list, has factories in 86 nations, but what’s more incredible

  • is that Nestle goods are sold in every single country in the world.

  • Okis the most universally recognized word, but Coca-Cola isn’t far behind.

  • Today were going to focus on just one country-sized corporation, in this episode of the Infographics

  • Show, If Apple was a country.

  • Don’t forget to subscribe and click the bell button so that you can be part of our

  • Notification Squad.

  • Let’s first see how it all began.

  • How did Apple move from an idea in someone’s head to a household name?

  • If youve seen a number of movies and documentaries made about the company, youll know it was

  • started by Steve Jobs and Steve Wozniak in 1976.

  • As the story goes, Wozniac was the engineering ace and Jobs was a man of ideas with a brilliant

  • acumen for marketing those ideas.

  • The two tinkered with personal computers, sometimes spending huge amounts of money on

  • advertising that told the consumer that buying an Apple product was tantamount to escaping

  • the clutches of vapid consumerism.

  • Some people got rich early, especially investors, and then Jobs left the company.

  • It wasn’t until Jobs came back in 1997 that Apple would begin chartering a course towards

  • gadget global supremacy.

  • You know the story from here, in which products such as the iPod, iMac, iPhone, as well as

  • the iOS operating system, would revolutionize the computer industry.

  • So now let’s have a look at the behemoth that Apple has become.

  • Statistics for 2016 tell us that Apple currently employees around 116,000 people.

  • According to the United Nations Population Division, one country in the world has the

  • same population as Apple has employees, and that is the island nation of Kiribati in the

  • Central Pacific.

  • This paradise on Earth however is vastly underdeveloped, and has a current GDP of around 600 million

  • dollars.

  • That is a little less than Apple lost in 2016 after losing a patent infringement case.

  • Apple can afford a loss to a patent troll, with revenue for 2016 at 215 billion dollars.

  • This meant that annual profits for Apple that year were 45.7 billion dollars.

  • If Apple were a country and it decided to share its profits with every person in the

  • country, each person would receive a check for around 380,000 dollars.

  • If we compare Apple’s 215 billion GDP to a country’s GDP, according to the 2017 forecast

  • by the International Monetary Fund World Economic Outlook, Apple would be equal to the country

  • of Vietnam.

  • It would also be a bigger GDP than many developed nations, including Finland, New Zealand, Portugal,

  • and the Czech Republic.

  • Even Apple’s actual profits of 45-plus billion is about the same as the projected 2017 GDP

  • of Macao, and much higher than many nations on Earth.

  • How does Apple make this incredible amount of money?

  • Let’s have a look at a few statistics concerning Apple’s worldly successes.

  • Firstly, over one billion people currently use an Apple device.

  • Apple’s best-selling product is its iPhone, and in itself this device had sold more than

  • one billion units as of July 2016.

  • In the first quarter of 2017, Apple reported its sales of iPhones to be almost 52 million

  • units, the most phones a company had sold except for Samsung.

  • Perhaps it’s amusing then, that the 52 million iPhones sold in just a few months is close

  • to the number of people living in the country of South Koreathe home of Samsung.

  • In all, Apple sold around 212 million iPhones in 2016.

  • The Mac was selling anywhere from 4 to 5.4 million units a quarter in that same year.

  • As of April 2017, there were around 100 million active Mac users.

  • What does all this mean in terms of Apple’s current worth?

  • It means a price tag of about 800 billion dollars.

  • It also means Apple has savings of around 250 billion dollars, most of which is held

  • in banks outside of the USA.

  • This is staggering for a company, but still nowhere near the number one global trading

  • company from yesteryear, which was the Dutch East India Company.

  • It’s thought, in terms of dollars today, at its height the company would have been

  • worth 7 trillion dollars.

  • So, if Apple really was a country, how would it function?

  • To start with, there would be a huge wealth gap in that country.

  • The top Apple executives, which we could call the unelected leaders of the country, would

  • be taking the lion’s share of wages.

  • In 2016, the base salary for top executives, or the vice presidents, was 2.7 million dollars,

  • but with awards and stock this meant those execs were paid almost 23 million dollars

  • each.

  • CEO Tim Cook was paid a salary of $8,370,000, which was 1.6 million less than he got in

  • 2015.

  • Apparently Cook missed his targets

  • Let’s call this group the leaders and the top ministers in this decidedly undemocratic

  • nation.

  • Down the ladder are senior managers, with a senior director, according to Glassdoor,

  • earning a wage of around 280,000 dollars a year.

  • A Senior Product Marketing Manager will be paid around 180,000, an experienced software

  • engineer about 170,000, and an Information Systems Manager around 160,000.

  • If we remember, we are a country of around 116,000 people.

  • What are all the little guys being paid?

  • Apple Family Room specialists working in the USA are paid around 15 dollars an hour, but

  • they will also receive bonuses.

  • An inventory specialist will receive about 32,000 a year and a nurse at Apple will get

  • something close to 16 dollars an hour.

  • But these are US wages, and many of Apple’s manufacturing plants are based in China.

  • We must state though, that most of these employees are not actually employed by Apple, but Chinese

  • manufacturing firms that make Apple products.

  • Apple indirectly employees millions of people, and we can’t ignore that these people are

  • contributing to this very rich, small country.

  • Some of these factories making Apple products were once made infamous after reports surfaced

  • regarding them installing suicide nets so employees couldn’t jump to their death.

  • Apple’s fortunes, unfortunately, don’t trickle down too heavily on the net-protected

  • Chinese workers.

  • According to a 2015 China Labor Watch report, employees at Foxconn and Pegatron factories

  • didn’t have it easy.

  • 70 percent of people interviewed in the report worked 60-72 hours a week and were paid less

  • than 2 dollars an hour.

  • They worked mandatory overtime, weren’t paid for meetings, and due to such small wages,

  • many of them lived in cramped dorms close to the factory.

  • One undercover worker said he was asked to work 18 days in a row and sometimes 16 hours

  • a day.

  • He told the BBC, “I was unable to sleep at night because of the stress.”

  • With this in mind, we can see why the iPhone makes so much money.

  • To put the unit together doesn’t cost very much.

  • According to reports, the total cost to make a 32GB iPhone 7 is $219.80 for the actual

  • phone, and only another 5 dollars in labor.

  • A base model iPhone 7 will cost around $649, so this gives Apple a profit of $424 on each

  • of the many millions sold.

  • All kinds of costs and overhead will eat up that profit, but the iPhone is still a massive

  • generator of income.

  • According to an IHS Markit report, Apple makes around 250 dollars in profit for every iPhone

  • 7 sold.

  • Bearing this in mind, if Apple was a country it would reflect most countries which have

  • an aggrieved group of people calling for more economic equality and better working conditions.

  • Apple is doing what any business does, and maximizes profits.

  • Countries have labor watchdogs, economic philosophers, social activists, etc, and Apple has corporate

  • and supplier responsibility guidelines.

  • In 2017 Apple reported that its suppliers now comply with a 60-hour maximum workweek,

  • and Apple said it also made sure 11.4 million workers outside the U.S. were trained about

  • their labor rights.

  • The question is, would you like to live in Apple the country?

  • Let us know in the comments!

  • And if you liked this video, be sure to check out our other video Galaxy vs iphone!

  • Thanks for watching, and, as always, don’t forget to like, share, and subscribe.

  • See you next time!

The world’s largest corporations presently create a significant amount of the global

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What If Apple Was a Country?

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    Ntiana posted on 2017/08/01
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