"If Apple’s share price grew even 20 percent a year for the next decade, which is far below its current blistering pace, its $500 billion market capitalization would be more than $3 trillion by 2022. That is bigger than the 2011 gross domestic product of France or Brazil.
"Put another way, to increase its revenue by 20 percent, Apple has to generate additional sales of more than $9 billion in its next fourth quarter. A company with $1 billion in sales has to come up with just another $200 million.
"Robert Cihra, an analyst who covers Apple at Evercore Partners, told me this week that the law of large numbers as it applied to Apple had “been a concern for years now.” But, he said, “over the past couple of years, they have actually accelerated revenue growth. I don’t know that can continue indefinitely. If you extrapolate far enough out into the future, to sustain that growth Apple would have to sell an iPhone to every man, woman, child, animal and rock on the planet.” "
Child labor, especially in developing countries, has been an increasing target for social reformers. Although there are many suggested solutions for the eradication of child labor, many are simplistic and create more problems than they cure. Suggested reforms are explored and analyzed. Additional recommendations, especially from a human resource development perspective, are explored.
Eliminating child labor is a good thing. It will be good to see Dell, HP, Microsoft, Acer, Asus, Samsung, Amazon, Toshiba, Google, Lenovo, other makers of DIY PC components, et al. following Apple's lead, now that their customers will put pressure on them to do the same.
In 2008, HP released its supply chain emissions data — an industry first.
In September 2009, Newsweek ranked HP No.1 on its 2009 Green Rankings of America's 500 largest corporations.
HP took the top spot on Corporate Responsibility Magazine's 100 Best Corporate Citizens List for 2010.
Fortune magazine named HP one of the World's Most Admired Companies in 2010, placing it No. 2 in the computer industry and No. 32 overall in its list of the top 50. This year in the computer industry HP was ranked No. 1 in social responsibility, long-term investment, global competitiveness, and use of corporate assets.
In May 2010, HP was named one of the World's Most Ethical Companies by Ethisphere Institute. This is the second year in a row HP has made the list. Ethisphere reviewed, researched and analyzed thousands of nominations in more than 100 countries and 35 industries to create the 2010 list. HP was one of only 100 companies to earn the distinction of top winner and was the only computer hardware vendor to be recognized.
After winning nine straight annual "Most Respected Company in China" awards from the Economic Observer and Peking University, HP China has added the "10 Year Contribution" award to its list of prestigious accolades. The award aims to identify companies doing business in China with outstanding and sustained performance in business operations, development and corporate social responsibility.
Agriculture is among the most dangerous industries in which children work.36 The National Center for Farmworker Health noted that children are often exposed to many risks in agriculture, such as “long hours in scorching heat, hauling heavy loads, exposure to toxic pesticides and injury from sharp knives and other dangerous tools.”37
The cocoa industry, which is also a highly labor intensive agricultural industry,51 provides another troubling example of uses of the worst forms of child labor.52 A 2002 study estimated that over 600,000 children were involved in cocoa farming in Côte d’Ivoire, the world’s largest cocoa producer.53
Child labor decreased in Vietnam by 30 percent between 1993 and 1997 as the country’s GDP grew by an average of 9 percent per year
Jeffrey Sachs: "My concern is not that there are too many sweatshops, but that there are too few."
After the Child Labor Deterrence Act was introduced in the US, an estimated 50,000 children were dismissed from their garment industry jobs in Asia, leaving many to resort to jobs such as "stone-crushing, street hustling, and prostitution." UNICEF's 1997 State of the World's Children study found these alternative jobs "more hazardous and exploitative than garment production."
Johan Norberg wrote, "But when I talk to a young Vietnamese woman, Tsi-Chi, at the factory, it is not the wages she is most happy about. Sure, she makes five times more than she did, she earns more than her husband, and she can now afford to build an extension to her house. But the most important thing, she says, is that she doesn't have to work outdoors on a farm any more... Farming means 10 to 14 hours a day in the burning sun or the intensive rain... The most persistent demand Nike hears from the workers is for an expansion of the factories so that their relatives can be offered a job as well."
Facing political pressure from Republicans and farming groups, the White House has decided to scrap rules proposed last year that would have prevented minors from performing certain agricultural work deemed too dangerous for children.
Agricultural groups, including many farm bureaus, said they were worried that the restrictions would discourage youths from getting into the farming business.
Brandon Blatcher: Samsung had $8.27 billion in revenue.
Apple had $54.5 billion in revenue.
I supposed trouncing depends on how you look at things, but making almost six times as much in profit looks a helluva lot better from my mountaintop.
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