APPLE Stock Splits Four for One
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Posted on 07/30/2020 5:04:46 PM PDT by NohSpinZone
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The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority1 citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 82 well-known global brands in the technology, clothing and automotive sectors, including Apple, BMW, Gap, Huawei, Nike, Samsung, Sony and Volkswagen.
This report estimates that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.2 The estimated figure is conservative and the actual figure is likely to be far higher. In factories far away from home, they typically live in segregated dormitories,3 undergo organised Mandarin and ideological training outside working hours,4 are subject to constant surveillance, and are forbidden from participating in religious observances.5 Numerous sources, including government documents, show that transferred workers are assigned minders and have limited freedom of movement.6
Lots of stuff on China we don't here about
Every citizen of a Communist nation is a slave -- period. These labor contracts that Apple and others make with those countries are with the GOVERNMENT -- the communist government. The starving masses in China are only too happy to have these jobs, but make no mistake they have no decisions and no say in their hours, their pay or their mobility. The communist government dictates EVERYTHING on the labor side. They are slaves. Everyone living under a totalitarian government is a slave. Don't ever forget it.
Around 20 years ago Apple was worth maybe $4 billion total, and everyone was amazed that they came back from near bankruptcy a few years prior. People said that's it, they'll never get bigger. Then Steve Jobs had the idea of creating a retail store, after having success with the iTunes Store. These two things are what propelled Apple into fantastic growth. I bought stock in the teens and twenties value, and it made me happy. Multiple stock splits, and they're still around. They really need to expand to other products in order to maintain momentum; that could be in the automotive field but they're very secretive about it.
No, it is not. Foxconn is a Taiwanese company, not a communist government company. You don’t know what you’re talking about. Quit making ex cathedra assertions that have no basis in facts.
I remember the Apple "death watch" of the mid to late 1990s. Almost everybody predicted that Apple would go out of business and they were all 100% wrong. Which is probably why so many people hate Apple. People hate to be proven wrong for some odd reason.
I also remember when Apple was laughed at for bringing out the iPod, which at the time, was several times more expensive than the MP3 players at the time. People said nobody would ever buy it. Not when they can buy some Diamond Rio player for a fraction of the cost even though you had to interface with some clunky application through the USB port and spend 30 minutes or so uploading the 20 or so songs you could fit on it!
Then Apple was laughed at for the iTunes Store - until after the first week, a million songs got downloaded!
Then Apple was laughed at for the retail stores. What a stupid idea that was! Until it was shown that Apple Stores had the highest $$ revenue per square foot of any retailer on Earth including high end jewelry stores!
Then Apple was laughed at for the iPhone...I can go on and on.
Bottom line is people hate Apple because 1) They were proven wrong back in the 1990s when they smugly predicted Apple would be out of business and 2) they missed out on buying Apple stock in the early 2000s - in which every $1,000 invested would be worth around $50,000 today.
Yeah, hindsight would be wonderful for a LOT of things - not just investments, either.
I hated Apple because I sold MS-DOS computers. We laughed at their 9” black and white screen, their proprietary hardware and software, and their ridiculous price tag.
36 years later and my business runs as many Apple devices as we can. Lowest cost of ownership of any computer. Great cross device connectivity. Easy to manage networking.
LOL. It doesn't matter how many intermediaries Apple uses along the way. If its products are being manufactured in communist China with Chinese labor then they are using slave labor. You can't split hairs to get around it.
You still do not know what you are talking about. You make assumptions that are just not true. They were true 25 to 30 years ago, but not today. Foxconn is a publicly traded corporation, it is NOT owned by the Communist government, unlike your assertions.
The iPhone 11 is being manufactured in INDIA. Other models are variously manufactured in Brazil. Are these workers ALSO slaves? See? You don’t have a clue about what you are talking about.
Someone posted an article about the Uyghars and supposed “slave” labor. They cited information about O-film manufacture in China and imputed it’s use in Apple iPhones. Unfortunately for them, Apple does not use Chinese made screens in iPhones. Such screens are made for Huawei and other Chinese makers, not Apple. Apple’s screens are made to Apple’s specifications by Samsung and LG.
According to ETNews, Apple will be sourcing the vast majority of its OLED panels from long-term suppliers Samsung Display and LG Display. BOE was previously predicted to be a supplier for the new models, but there is apparently a "high chance" it will be left out in favor of sticking to two suppliers. — AppleInsider
Those two suppliers are South Korean, not Chinese. I could point out a lot more inaccuracies and outright falsehoods in the report, but I am not going to even bother.
Are you really that dense? It doesn't matter if there are fifty layers of subcontractors and intermediaries all owned by Sons of the American Revolution living in Omaha, Nebraska. It doesn't matter who owns Foxconn or Pegatron or where the screens and internal components are made. If the product is assembled in China by Chinese labor then it is made by slave labor.
You might look at buying some Apple stock. Or AMD.
I had bought in 2014 when they split. It was around $700 a share at the time. Sold a few months later as it rose 47%
Next bought Netflix when they announced a 7-1 split. Same near $700 a share before the split. It went up about 30% then fell below $100 a few months after then I sold at a loss as I figure my next stock would do better, it did. I bought Nvidia which went from $62.25 in August 2014 to when I sold 2 years later in August at $268.00. Next I bought AMD and just this past 2 weeks it rose from about $53 to near $78 after a great earnings call. End of October and January are the next ones so if good then I am looking at retirement... : )
If it was not for the Chinese trade talks last year and the Chinese virus this year the stock would have been in my opinion over $100 a share.
Those darn Chinese!!
https://finance.yahoo.com/quote/AMD?p=AMD
I am thinking of selling AMD then buying APPLE. It will depend on how quickly one or the other rises as I will have a bit more shares of AMD.
Also if I sell I will have to pay a big tax next April. If I do not then not as much. Looks like I will stick with AMD.
Apple 425.04+40.28 (+10.47%)
https://finance.yahoo.com/quote/AAPL?p=AAPL
FTA: A four-for-one stock split will be offered “to make the stock more accessible to a broader base of investors,” according to the earnings release. At the close of the market on August 24th, each Apple shareholder of record will get three extra shares for every share held. Split-adjusted trading will begin on August 31.
Apple previously had a 7-for-1 stock split in 2014.
https://www.foxbusiness.com/markets/apple-to-split-stock-following-blockbuster-earnings
#23 Everyone living under a totalitarian government is a slave. Don’t ever forget it.
Kinda reminds me of the United States where the democrats have randomly shutdown the economy while keeping open their wineries or cabinet shops or the resort area where they have a 2nd home.
The laughers... biggest one was the CEO of Microsoft, Steve Ballmer especially. He laughed at and dissed the iPod, saying no one would ever want it. Then years later copied it and marketed the Zune, a huge failure. He laughed at and dissed the Apple retail store, saying no one would ever shop there. Then years later copied it (even matching the look and feel) as the Microsoft Store (which looks like a ghost town). He laughed at the iPhone, saying no one wanted a mobile phone without a keyboard - until it was a huge success and Microsoft came out with the Windows Phone, which was a failure and discontinued. Microsoft CEO Ballmer could not visualize the future, even when Apple showed the way, and constantly laughed at Apple but then tried to copy them. People are laughing at Steve Ballmer.
Nice upward hop today, after a slow start. The previous split was six, seven, eight, ? years ago, and the split stock just went up like it pushed the elevator button.
So what? Name one consumer electronic firm that doesn’t use China for such purposes. YOU are ignoring the fact that it is NOT just China that manufactures Apple products. Apple IPhone 11s are also manufactured in VietNam, India, Indonesia, and Brazil, as well as China. Apple Macs are manufactured and assembled in China, Ireland, and the United States. EVEN IN ELK GROVE, CALIFORNIA! Which, given your Freepname, you should be familiar with, ElkGroveDan.
Major Apple assembly plants are under construction in the USA in Wisconsin and Austin, Texas, right now. Parts and sub-assemblies of all Apple products are manufactured in over 90 countries around the world, including major parts in the USA.
Your assumption that the final assembly of some of those components in China is made by what YOU refer to as SLAVE LABOR is false. They are hired independently and can leave at will. They are not forced to work. Overtime is optional. This slave labor in China is a myth left over from the full communist period of the past, promulgated by propaganda. China has embraced a Capitalist economy, with a dictatorial government. Yes, the labor costs are low in China, but right now the costs are lower in many other parts of the world, and businesses are taking their manufacturing from China to those lower cost countries. It’s the nature of business.
FoxConn does assembly work for over 600 of the name brand Consumer Electronic firms in the world, not just Apple. Your claims just don’t hold water.
The workers at FoxConn are middle class in China, when compared to the overall cost of living. . . Not SLAVE LABOR. Why else do workers queue up by the thousands to apply for the available jobs when they become open? They pay better than normal factory work. They certainly pay better than shop work. They can afford to rent apartments, some own cars, have families.
The DENSE one here is you. Apple makes headlines like the one in the WSJ. It is not alone, but it WAS the last US company to take it’s manufacturing to China, and the first to bring it back, manufacturing its MacPro computer line in Austin, Texas and some iMacs in Elk Grove, California.
But YOU don’t let facts get in the way of your ignorant opinions, do you? YOU WANT to believe that China is a country of slaves. Ignore the facts.
Finally, here is a list of the top 75 contractors (out of over 600) who have their electronic products assembled or manufactured by FoxConn in China. . .
SO QUIT BEING A HYPOCRITE WITH YOUR SELECTIVE CRITICISM!
My original point has nothing to do with the products made elsewhere. My original comment was a sarcastic reference to Apple's reliance on communist; i.e SLAVE labor.
The Chinese slaves are so proud.
You can split hairs all you want. Apple could be making Eskimo whale spears in Greenland. It wouldn't change the fact that a huge number of their iphones have been and continue to be assembled by the oppressed victims of Communism in China.
This slave labor in China is a myth left over from the full communist period of the past, promulgated by propaganda.
If you don't believe that life under Communism is slavery then you are the one swallowing propaganda and you probably don't belong on FreeRepublic.
And I am telling you that China is no longer being run as a Communist economy. Thelr dictatorial government learned that communism and centralized control DID NOT WORK, so they changed their economic system to a modified Semi-State Capitalism with independent Capitalism allowed as well. WAKE UP before they take over the world markets. China is a global Capitalist economy now. They are making Capitalist investments everywhere. That does not mean they would not nationalize the independent Capitalists at any moment. . . But right now they are run independently, with far less government regulation than we have in the US.
China has a growing middle class, and there is also a thriving Entrepreneur Class building thousands of Independent small businesses in China. Some of them have already become billionaires. It’s because of a Capitalist, market driven economy, not communism. WAKE UP, look at the facts, not the myths. Yes, it is not a Democracy, but it is not a communist control of the market, labor, or production any longer either, as you seem to think it is.
Remember how they laughed at the iPad because its name evoked ideas of feminine hygiene products?
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