5min chapter

Ones and Tooze cover image

The Arithmetic of Apple's $3 Trillion Valuation

Ones and Tooze

CHAPTER

Apple's Global Fordism

Apple pays its taxes through Ireland and that's a key element of their business design. The Irish branch of Apple has 56,000 employees worldwide which only 6,000 are actually in Ireland. Whatever is accumulating on Apple Inc. global's balance sheet is then credited in this extraordinary stock market valuation in the US without becoming taxable in the US or without necessarily requiring Apple to employ a lot of people in the US. So it's absolutely an indication of just how much in Apple is the quintessential global coordinating firm It really is passing now obviously the global car companies who through the middle of the 20th century were really the quintessentialglobalising corporates.

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