Nightline to air its special after the kids are asleep Tuesday at 11:35 p.m. ET and PT
Four years ago, when I first starting writing about Foxconn, it was almost impossible to get a photo of the factory workers who assemble 40% of the world's electronic devices.
Now, 18 suicides, two fatal explosions, an off-Broadway show and a New York Times exposé later, Foxconn has opened the factory where Apple's (AAPL) iPads are made to a senior ABC correspondent and a Nightline camera crew.
The result -- a TV special called "iFactory: Inside Apple" -- will air well past prime-time Tuesday night. But on Monday ABC's Bill Weir posted a long write-up of his findings that, knowing the exigencies of commercial television, may well offer more detail than the edited video.
Despite fears that any report by ABC, whose Disney (DIS) chairman sits on Apple's board, would be a whitewash, Weir is pretty blunt about what he found: work of "soul-crushing boredom and deep fatigue" and crowded living conditions few Americans would put up with.
He also makes it clear that Foxconn's sudden openness is no accident. Among the details in his reporter's notebook:
Weir adds that Apple may be Foxconn's most famous customer, but its Chinese factories also churns out products for Sony (SNE), Dell (DELL), Hewlett-Packard (HPQ), I.B.M. (IBM), Motorola (MMI), Toshiba and other major brands, "keeping the details of each production line wrapped in total secrecy."
Below: ABC's video teaser. The Nightline special is scheduled to air Tuesday night at 11:35 p.m. ET and PT.
Down 6% in 2011, that's where, according to the NPD Group
Click to enlarge.
If it weren't for tablets and mobile phones, 2011 would have been a miserable year for the U.S. consumer electronics industry.
Total U.S. retail sales for the year were $144 billion, down 1% from 2010, according to a report issued Monday by the NPD Group.
That might not sound too bad. But sales of PCs, TVs and video game hardware MORE
Philip Elmer-DeWitt - Feb 13, 2012 10:13 AM ET
Between them, Samsung and Apple are sucking up 91% of the winnings
Click to enlarge. Source: Asymco.com
Asymco's Horace Dediu on Friday updated his quarterly review of mobile phone profits, and the news for everybody but Apple (AAPL) just gets worse.
As the iPhone's share of the market in terms of units shipped has grown from 3% in second quarter of 2010 to 8.7% last quarter, Apple's share of the profits has swelled from MORE
Philip Elmer-DeWitt - Feb 3, 2012 8:20 AM ET
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* If the flurry of recent reports prove correct, Facebook could file for an IPO later today, seeking to raise up to $5 billion. (CNNMoney)
* Amazon (AMZN) announced its latest earnings and while revenues climbed 35% to nearly $17.4 billion, the figure was at least a billion dollars less than MORE
JP Mangalindan, Writer-Reporter - Feb 1, 2012 9:10 AM ET
From a 14.3% share of the global market in September to a 20.3% share in December
Click to enlarge. Estimates: Canaccord. Chart: PED
A note to clients issued Tuesday by Canaccord Genuity's T. Michael Walkley had good news and bad news for Apple (AAPL) investors.
The bad news, which we reported here, was that he expects sales of Amazon's (AMZN) Kindle Fire to cut sharply into the iPad's dominance of the worldwide MORE
Philip Elmer-DeWitt - Dec 7, 2011 8:03 AM ET
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"Yeah, Google's a great company, and I think we want to look at and learn from everything that they do. But at the same time, people have shared a lot on Facebook and have already told a lot of their life story on Facebook. And we think that we have MORE
JP Mangalindan, Writer-Reporter - Dec 5, 2011 1:19 AM ET
Only "money" and "clothes" scored higher in an annual pre-holiday survey
Click to enlarge.
For 22 years, Piper Jaffray researchers have been asking American teenagers what they want for Christmas, and for the past four years Apple (AAPL) products have been moving steadily up the wish lists.
All told, according to a note to clients issued Monday by senior research analyst Gene Munster, 11.2% of the 5,700 teenagers surveyed this fall named MORE
Philip Elmer-DeWitt - Nov 28, 2011 6:29 AM ET
Your chance to register a preference before Steve Jobs, the movie, is cast
George Clooney, Noah Wylie
Sony (SNE) has reportedly picked up the film rights to Walter Isaacson's Steve Jobs, and according to the Hollywood rumor mill two ER veterans -- George Clooney and Noah Wyle -- are in the running to play the title role.
Clooney, of course, has the edge in box office appeal. But Wyle looks more like MORE
Philip Elmer-DeWitt - Nov 21, 2011 6:27 AM ET
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* As an active Facebook user, you may have noticed News Feed updates describing which news stories your friends recently read via apps like The Washington Post's Social Reader or songs they listened to from say, Spotify. But is this form of "automatic sharing" simply the next logical step, or is MORE
JP Mangalindan, Writer-Reporter - Nov 21, 2011 3:30 AM ET
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"Over half of the U.S. doesn't pay anything for music each year." -- Pandora CTO Tom Conrad (
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |