Apple Inc. (NASDAQ:AAPL) has been on the news for a lot of stuffs like launching new products, creating new markets, lawsuits, decent working conditions in factories, etc, but amidst all these positives and negatives, Apple Inc. (NASDAQ:AAPL) has created jobs for a lot of Americans. Apple Inc. (NASDAQ:AAPL) has claimed that it has generated over 1 million jobs in US. Bloomberg’s Betty Liu, Joe Welsenthal and Olivia Sterns discussed on Bloomberg TV about this announcement.
Liu pointed at Apple Inc. (NASDAQ:AAPL)’s claims that they have created over 1 million jobs in United States. Apple Inc. (NASDAQ:AAPL) has also said that iOS App store has generated 50% more revenues in 2014 for developers and has recorded a highest single day revenue ever on the New Year’s Eve. Apple Inc. (NASDAQ:AAPL)’s App store is 6 years old, which started its operations in 2008.
Liu said that if a company claims that they have created 1 million jobs, one must be skeptical and assume that the number is exaggerated. But, she added that when Apple Inc. (NASDAQ:AAPL) claims that they have generated 1 million jobs; you are supposed to believe it, since they have created a lot many jobs in United States. She added that Apple Inc. (NASDAQ:AAPL) has created a whole new economy in US.
Welsenthal accepted that Apple Inc. (NASDAQ:AAPL) has created a whole new economy. He said that tech companies more focused on innovation and destroying jobs. He pointed at collapse of old school telecom, due to tech advancements from companies like Apple Inc. (NASDAQ:AAPL). He said that even though Apple Inc. (NASDAQ:AAPL) has created a lot of jobs, they have destroyed some too.
Sterns pointed that Apple Inc. (NASDAQ:AAPL)’s App store has created a lot of millionaires in the last 6 years. She mentioned that most of the developers who work and make money from App store are part timers, under-employed, etc.
“But, I do wonder how many of the jobs they have created in this so called App economy. Obviously it has created a hand full of millionaires. How many of those people are working part time, how many of those people are actually under-employed. […] There are a lot of broader implications for the app economy,” Sterns said.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.