Michel Rabe
Well-known member
Apple are such dicks that I don't care how good their products get (currently, they're years behind the curve technically but in a prettier and arguably more user-friendly package, which may be enough for some people).
First they tell us they can't afford to build iPhones in the US instead of China even though they make a 47% profit margin on each one (for reference, second highest profit on phonemaking is Samsung at 15%, everybody else is lucky to break even) and account for about 1/3 of worldwide phone sales but about 2/3 of worldwide phone sale profits.
Now, they've finally agreed to distribute some of their obscene cash hoard to shareholders like they should've been doing since 2005. But to do that they'd have to bring their obscene cash hoard in from their inexplicably-legal offshore accounts, at which point it'd be subject to US taxes. So instead, they're doing it by issuing bonds (borrowing money) at special-favors-low interest rates because paying that interest is cheaper than paying the taxes on the money they already have. That's right, the richest company in the world pays less taxes than you and I.
But they totally invented rounded corners, so it's cool, amirite?
A companie's ethics is indeed a factor and I agree Apple are not doing too good there in several areas.