Apple Tankwatch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: zax who wrote (16256)	1/30/2012 8:24:24 AM
From: FJB	Read Replies (3) of 32692

HONG KONG (MarketWatch) — Apple began last week by basking in record quarterly profits, but then ended the week in a public-relations retreat after reports of exploited workers in factories in China assembling its hot-selling iPads and iPhones. For now, the media spotlight is on Apple (XNAS: AAPL - News) and its Taiwanese contract supplier Foxconn (XHKG: 2038.HK - News) (OOTC: FXCNY.PK - News). But China’s leaders will also be shifting uncomfortably as the gaze of the international media turns to the harsh underbelly of its manufacturing economy. Behind China’s remarkable economic progress toil an estimated 120 million migrant workers, typically living and working in austere factory complexes. Two decades into China’s industrial transformation, how much responsibility do authorities shoulder for its Hukou (household registration) system that effectively institutionalizes migrant workers as second-class citizens in their own country? But for now, it is Apple in the firing line. The New York Times ignited media interest after a story on unsafe working conditions, as well as seven-hour days and cramped dormitories at Apple’s Foxconn supplier in China. The public relations drubbing was ramped up another degree by Jon Stewart’s Comedy Central, with a disturbing “Fear Factory” satire on the lot of the workers behind Apple’s prodigious profits. Continues... finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next