Wednesday, March 11, 2015

Apple - Rotten to the core

 The most expensive of the three tiers of Apple Watch will set you back at least $10,000 in the US and £8,000 in the UKOne group certainly excluded by that high price point will be one that is closer than most to the products Apple creates: the assembly workers hired by Foxconn in its Chinese plants.



A worker there last year, earned the monthly base wage at the company is 2,500 yuan (£265) – 30,000 yuan (£3,180) a year.
One of the assembly employees hoping to buy an Apple Watch Edition from China would have to pay at least 74,800 yuan ($11,496). On their basic salary it would take 910 days – spending nothing on anything else including income tax – to bring home the amount needed to afford the watch.
Apple chief executive Tim Cook, utilising his $1.75m basic pay, would need just over 48 hours to get one from a US store.
The basic Edition Apple Watch is worth 145.7% of the current Chinese GDP per capita (economic output per member of the population).
http://www.theguardian.com/news/datablog/2015/mar/11/how-long-foxconn-worker-earn-luxury-apple-watch


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