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25Jan 13

Wow. Never really knew they had $60 billion to lose. Leaving them at a mere $423 billion according to the Huffington Post, they're still the top company in the U.S., with ExxonMobil a close second.

Again, wow...

But what's so awe-inspiring (and alarming) about such a realization is that it's all in the name of entertainment.

KA95ZB4.jpg

Not food, not fuel, not clothes or any other number of necessities humans need to survive. And ironically, most iDevice users probably spend the least amount of their time with their devices for phone usage or necessary functions. Let's tell it like it is: they're mobile-entertainment devices -- distractions on the grandest scale our species has probably ever known.

Anyway, the company took a big hit, evidently, in the stock market, but it's still a Goliath. Obviously, I love gaming, otherwise I wouldn't be here on Gamespot, and heck, I have spent more time gaming on my iPhone in the last year and half than any other system I currently own. But it sure is telling to see figures like that. We might need to re-examine our priorities as a global community.

112 comments
PeterDuck
PeterDuck like.author.displayName 1 Like

Don't forget, in the capitalist world the annual "loss" of money does not necessarily mean loss in the strictest sense of the word. It can also mean making LESS money than the year before, because capitalism is based on the false idea of infinite and growth based on arithmetic progression.

GeekyDad
GeekyDad moderator moderator

@PeterDuck :) Fair enough, but I doubt most folks care about an economics lesson. Readers understand that the health of a public company is represented by its stock value. A $60 billion drop in the stock market is a huge loss to the company, regardless of its separation from the company's capital.

Kaisfate
Kaisfate

@PeterDuck 

and i suppose you feel yourself superior because you are a socialist or some other such nonsense?

PeterDuck
PeterDuck

@Kaisfate @PeterDuck  

1. Insecure much?

2. Making arguments or statements about something does not automatically mean the arguer feels superior to what again??? Who was I addressing?

3. Socialist or some other nonsense? Well, first you have to prove that Socialism is nonsense before making statements assuming that is true first, don't you think?

4. Idiot.

PeterDuck
PeterDuck

@Kaisfate@PeterDuck

"uh.... the last 80+ years of countries trying socialism/communism/marxism and it failing horribly isnt enough proof?"

 You mean like when they were constantly being undermined by the West? You when they were like constantly being underwhelmed by US embargoes, N. Korea, Cuba? Yeah? what about that? Give me one example of socialism/communism/marxism that was allowed to develop by itself without the outside influence and the threat of war. Go ahead, try to be objective for once.

 By your insecurity I meant that since I mentioned something bad about capitalism you automatically assumed I was a socialist? So I couldn't just say something about capitalism that I don't particularly agree with? I am automatically a socialist and I am superior to you? oookay.

I see you looked up my profile, which I guess is the only way for people like you to make arguments on the internet - by getting personal, by going through the back door. My profile didn't say I was a socialist now did it?

"you describe yourself as a "Atheist, vegetarian, humanist, liberal, feminist, anti-natalist"..... sounds like someone is a bit of a try hard huh." 

 What a stupid generalization. Wanna go over every single thing there? You got a problem with equal rights for women? okay, so you are a sexist then. You got a problem with Vegetarianism? okay, so you love torturing animals for your own gluttony. You got a problem with atheism? okay, so you believe in the invisible god who waited 1000000000 years before getting bored and deciding to create the universe and then waiting some more for people like you to "suppose" things about other people. You got a problem with humanism? You got a problem with anti-natalism? let's hear it.  Or do you just like throwing crap on the wall hoping it will stick?

"life must be difficult with so many causes that you cant even keep them straight"

grow up?

"finally, your evaluation of capitalism is wrong. it is based on the creation of goods and services for profit. there is no assumption of infinite supply or growth. wikipedia is hard :S"

now THAT is a wikipedia quote if I haven't seen one. Guess, what? Wikipedia won't tell you about the capitalist idea of infinite growth. If you had your head out of your ass fora  minute you would have known that without having to resort to wikipedia.

Your patronizing smiley faces at the end of your sentences exemplify infantile mentality.

"guess you arent as smart as you think you are :S"

I never said I was. 

Kaisfate
Kaisfate

@PeterDuck @Kaisfate

uh.... the last 80+ years of countries trying socialism/communism/marxism and it failing horribly isnt enough proof?

lol who is the idiot? you describe yourself as a "Atheist, vegetarian, humanist, liberal, feminist, anti-natalist"..... sounds like someone is a bit of a try hard huh. life must be difficult with so many causes that you cant even keep them straight

finally, your evaluation of capitalism is wrong. it is based on the creation of goods and services for profit. there is no assumption of infinite supply or growth. wikipedia is hard :S

guess you arent as smart as you think you are :S

Savior4Life
Savior4Life like.author.displayName 1 Like

If you spend more time gaming on your iPhone than any other system I sincerely feel sorry for you.....

zoeyleft
zoeyleft

read through a lot of comments. weird. the writer keeps excusing himself from any discussions by saying his blog had nothing to do with whatever people are talking about. and instead of explaining what it was about, he tells them to read his blog again, as if people are too dumb to understand anything. did it occur to you that maybe your writings are a bit unclear when that many people who read it misinterpret?!

TheCommenter77
TheCommenter77

First off this artcile is flawed in many ways but what is the point is that governments don't spend money accordingly and there are other provisions other entities want to grab at with all that government spending, so the money we donate doesn't actual go to what is the actual purpose of why we are actually donating, due to this FACT, our government continuously lies to us because they have no interest in a public outcry. They want to shove eveything under the rug so they can perform operations that have no similarity to why we are donating, so enjoy the fact your not giving your money to a courpt government and your not being able to know what they're doing with it because it isn't going to help the people in need, so feed your hunger for entertainment, though video games are more than just video games, it is an art form.

kukumav
kukumav

wrong pic. everybody's immune to photos of starving african kids now.

maxwell97
maxwell97 like.author.displayName like.author.displayName like.author.displayName 3 Like

Your argument - if I understand it correctly, since you don't actually state one - is flawed. The vast majority of hunger in the world exists, not because of a lack of charity, but because of the failed governments that hold power over so many. For example, in Africa, there isn't a single country that lacks the natural resources for its people to survive, but many of its governments are incompetent, corrupt, or too weak to stand for long enough to stabilize. The charity of Americans can do nothing to solve these problems. As for the US domestically, total government welfare spending is almost eleven times this number ($646 billion according to usgovernmentspending.com). Let's assume that goes to, say, the poorest 10% - that amounts to over $20,000 in spending for every man, woman and child in that group. If people are going hungry in the US, it's certainly not due to a lack of funding meant to prevent it. I'd argue it has a lot to do with the government in this case as well, but that's a different topic. The point is, let's all enjoy our hobby without burdening ourselves with unearned guilt - money doesn't fix everything, and giving it away instead of buying an app won't save any lives.

oflow
oflow

@maxwell97 You do also have to consider that a good part of the reason the third world is poor, starving and full of failed governments is because first world corporations are there intentionally keeping them in disarray/supporting corrupt governments to exploit the resources in their countries. (with the full support of the US government) So money wont necessarily fix the problems but money is also a good portion of the reason they cant stabilize themselves either.

Look at how companies like Exxonmobil treat the indigenous Nigerians.  This is commonplace all over the third world especially in sub-Sharan Africa.

http://www.pbs.org/frontlineworld/stories/bribe/2009/04/nigeria-the-hidden-cost-of-corruption.html
 

Combine this with the continent being armed by both the East and the West and used as a weapons testing ground during the Cold War and you have the quagmire that exists today.

I do agree that just giving money wont solve the problem. By the time it gets there you have no say in where the money goes and it wont go to the people that need it.  

But, I do think the as privileged people in the West we can hold companies like this to be accountable which is more in line with what I think the OP was trying to say. Our biggest charity to these people might be to stop giving the corporations exploiting them money. 




maxwell97
maxwell97

@oflow @maxwell97 There's some truth in what you say, but again, I doubt that punishing corporations will change anything. For example, in the story you cite, an executive was paying someone in the Nigerian government off, not sponsoring a coup or something like that. So, is his corporation to blame, or is that simply the "cost of doing business" in the country? Was it meant to cover up something bad the company did, or protection money for officials who would otherwise hurt their investments? Is the company at fault for the condition of the government, or how it spends oil revenues? Would the people really be better off if no one wanted their oil? These aren't easy questions to answer, and they really have nothing to do with Apple anyway. At the end of the day, it's a corrupt government victimizing its own people that's the problem, and it's only those people who can solve it. You can demand, if you wish, that corporations stop doing business there, and perhaps they would, but then you'll have the same corrupt officials simply fighting over a smaller pie.

maxwell97
maxwell97

@oflow @maxwell97 I'm not seeing a lot of evidence that "the governments are controlled by the corporations by proxy." It seems counter-intuitive - the government is controlling the country, and presumably the military, police and bureaucracy. It has the guns and the soldiers, so how is it being controlled by a foreign corporation without guns or soldiers? Bought, perhaps, but controlled is not the same thing. Frankly, I don't agree with the assertion that "government can only be corrupt if someone is there corrupting them". The troubles of sub-Saharan Africa can be easily explained by internal, national problems (like officials skimming), without assuming that all the strings are being pulled by foreigners. Corruption exists in the West, too, and all it takes is a self-serving politician.

Jake518
Jake518

@oflow @maxwell97 You should also point out that Shell is Dutch. Not all of the bad corporations are American, nor are all corporations bad.

oflow
oflow

@maxwell97 Thats just one example the point is that corporations are in collusion with corrupt governments in the third world exploiting the people there. Shell did the same thing in Nigeria and were charged in US Federal court for it as well as the Hague:

http://youtu.be/OeuN-Oxz4hY

I just used Nigeria as an example since the OP used a picture of starving African children, but you can find similar examples from anywhere in the third world.

Yes it has nothing to do with Apple, but Apple has the same type of track record, using conflict minerals from Africa in their products as well as creating inhumane work conditions in their giant Foxconn factories in China which was the point. 

Like I said, the government can only be corrupt if someone is there corrupting them which is the corporations. So yes they are just as much to blame.  Its easy to deflect blame to the government, which is convenient and what the US government uses as the excuse for American companies doing business there, but the reality is that the governments are controlled by the corporations by proxy so they are one and the same. If the government is killing and starving the people its because the corporations are telling them to.

bgna8980
bgna8980

@maxwell97 You've completed nailed it, because of corrupt officials and politicians the money financed by the government has been lavished by the rich, while the poor toil away to survive. I cannot agree more whereas charity helps a certain degree it is not nearly enough, the responsibility relies mainly on the government. The government being too incompetent or corrupt will bring about ruin in any given country, so blaming lack of charitable funds is just being naive, 

oflow
oflow

@bgna8980 Corruption is a two-way street. See my comment below.

I dont think he was blaming a lack of charitable funds, he was just pointing out the fact that we waste tons of money frivolously yet the majority of the world survives on less than a dollar a day.

drrilll
drrilll like.author.displayName like.author.displayName 2 Like

Lots of excuses and justification. The article may be flawed, but lets not pretend that giving to charity is a bad thing. It isn't.

oflow
oflow

@drrilll Exactly. Selfishness is the basis for all sins. You cant use corruption as an excuse since to have corruption you have to have a corruptor as well the corrupted.

rad8045
rad8045

GREED!!!!! YUM YUM YUM YUM !!!!!

Tixylixx
Tixylixx

The problem with giving them our charity is we just allow more to live in an area where the population shouldn't be growing to sustain itself. They live in a poorer part of the world for no other reason than it not having the natural resources to support anything else. All we've done is gone in, caused aids, giving them guns, caused the population to grow and caused the death of many species. 

We need to leave that part of the world alone, they've been surviving there way before Europeans raped the land in the US and South America and way before Europeans or any other cont got raped by migrating humans. 

vault-boy
vault-boy like.author.displayName 1 Like

Listen, man, your on the internet. Unless your cause involves starving cats your not going to get sympathy donations.

dralutfi
dralutfi

Totally agree with you. We are helping each other in here by game though and hints .. beside spend alot of money on games some ppl some where didnt find food to eat so in my opinion few $ for them wont tear the bocket ;) thank you for writting this and at least you have humanity sense this the minimum you can do.

This comment has been deleted

vault-boy
vault-boy like.author.displayName 1 Like

@superkiller27 You raise a good point. A lot of the most poor countries are built on ground that contains fortunes. I think it was around the 10th most poor country in the world that was sitting on billions in oil. A lot of it is the governments fault in those countries for leading people to worse and worse conditions. Not to say its not a good thing to give up a few dollars to people who need a hand but that's only a temporary fix.

panndemic
panndemic

At first I read: Who needs food when as long as you have abs?

so_hai
so_hai like.author.displayName like.author.displayName 2 Like

The onus is on Apple to relieve some of the imbalance across the world - not their customers. While everyone praised Steve Jobs for tinkering with plastic and microchips, it was Bill Gates who bothered to at least pour some money into the imbalance.

Xenrathe
Xenrathe like.author.displayName like.author.displayName like.author.displayName like.author.displayName like.author.displayName like.author.displayName 6 Like

Just to clarify, Apple didn't "lose" $60 billion dollars. Their market capitalization (which is equal to # of shares * share price) dropped 60 billion dollars. In theory, their market capitalization could be 0 dollars, and they'd still be perfectly fine.

The only people who "lost" money here are the investors who held the stocks.  Even then it'll only be an actualized loss if they're selling. As Apple is represented in a huge number of mutual funds and mutual funds tend to be the favorite vehicle of individual investors, I suspect this loss will eventually be coming out of the little man's pocket.

In fact, Apple's products have until recently largely catered to a Western audience, yet the lion's share of its job creation is in other countries AND it recently released a huge amount of money via dividends to investors all over the world. Apple is actually exporting (i.e. redistributing) wealth from the West into those countries. When you ponder the matter further, you would not be wrong to suggest that Americans (and other Westerners) are trading an increased standard of living NOW for a (relatively) decreased economic global standing in the future.

On the plus side, a more equalized distribution of wealth correlates with lower crime, less corruption, and more peace.

Crenam
Crenam like.author.displayName like.author.displayName like.author.displayName like.author.displayName 4 Like

Your argument is fundamentally flawed. You used the fact that apple lost money to support your claim that entertainment is everyone's priority, when that same evidence would support the argument that the global economy trouble going on is making people more focused on priorities such as food, fuel and clothes.

Most of the rest of you are commenting on what you personally believe about the supposed subject matter, rather than actually analyzing anything he really said.

guard2182
guard2182 like.author.displayName 1 Like

Trust me when i say that smartphones are used for much more than games, as an ultra light aircraft pilot i often rely on my smartphone for navigation because the maps are much more accurate along with some of the indicators such as wind speed and aircraft speed.

Smartphones are much more powerful than most people think, it is fascinating what kinds of software you can find on there no matter if its android or apple. I use my android HTC one x for navigation when on my plane but i when i am sailing i usually use the isail app on my ipad, it is better than any navigation system available on any watercraft floating out there today.

terminus
terminus like.author.displayName like.author.displayName like.author.displayName like.author.displayName like.author.displayName like.author.displayName 6 Like

Getting tired of people showing starving africans and tell us that OUR priorities are !@#$ -up.....what are THEIR countries doing about THEIR problems? Why should I help them? I help my own, and those that I can help right here at home. And it's just not electronics, I would say the NFL alone makes and has more money then APPLE.......easy. Lets not get into all sports combined. Life has been this way since you and I were born, and way before and after.........the only solution to population issues; is to stop it! This earth was designed to feed and hold only 1 billion humans, China alone is over the earths max population, so yeah, priorities are !@#$-up, from those who keep bringing starving babies into this world, and the countries who don't do anything about it, not AMERICANS who buy electronics.

By the way, since the non-philanthropy having Jobs passed away, Tim Cook has been very generous IMO to charities....he recently just gave over 100 million dollars in donations. It's those who don't give......that you should be pointing a finger at, how do you know that all the people that buy electronics don't also give to the less fortunate? Should we give all of our money? and suffer too?

oflow
oflow like.author.displayName 1 Like

 typical ugly American response.  

First of all the NFL has no where near as much money as Apple. Not even close.  The entire NFL is worth around $20 billion.  Apple is worth $650 Billion.

Second, our priorities are directly tied to the people in these countries.  For example, you do know Nigeria supplies more oil to the US than both Kuwait and Iraq combined right?  So it is in your interests to keep their country stable since unrest in Nigeria can cause the price of gas to go thru the roof here. One of the main reasons gas is $4 a gallon now is because of the unrest in Nigeria currently raging.

Third, the reason these people are starving isnt because the world is overpopulated.  We grow enough food in the US alone to feed the entire world. People in the third world are starving mainly because western companies are in their countries supporting corrupt governments to maintain your standard of living here.

Stop being so obtuse.

This comment has been deleted

vault-boy
vault-boy

@Skakruk @terminus A very wise man once said 'it's all right, you can swear on the Internet, your mum probably isn't going to read it. I know, 'cause she's too busy being fucked by me'.

Jake518
Jake518 like.author.displayName like.author.displayName like.author.displayName 3 Like

@Skakruk @terminus Yeah... all of the world's problems can be traced back to America. /sarcasm

Jake518
Jake518

@Coco_pierrot The U.S.A. being responsible for all the world's problems is an opinion, not a fact. Last I recall, the U.S.A. was not keeping the North Korean regime in power. Also, I don't recall that the U.S.A. having mandates in the Middle East after WWI that had a lasting influence for the mess in the Middle East. Another thing I don't recall was the U.S.A. laying territorial claims to islands belonging to Vietnam or Japan. So again, the U.S.A. is not responsible for all the world's problems. That is just your opinion.

Coco_pierrot
Coco_pierrot

@Jake518 well kind of ... your economy dominate everyone else ... when you go down, every country go down. When your country loan money to help another country they put a military base ... ( there is almost a USA military base in every country ... kind of disturbing if you ask me ... ) . Many countries side with the USA because of fear ( maybe USA will stop importing their goods or they have military base nearby).

So yeah, USA is too powerful

stefano101
stefano101 like.author.displayName like.author.displayName 2 Like

Why is this being discussed on a video game website...?

rad8045
rad8045

@stefano101 Why do half of these blogs discuss issues that don't have much to do with games.

terminus
terminus like.author.displayName like.author.displayName 2 Like

Getting tired of people showing starving africans and tell us that OUR priorities are !@#$ -up.....what are THEIR countries doing about THEIR problems? Why should I help them? I help my own, and those that I can help right here at home. And it's just not electronics, I would say the NFL alone makes and has more money then APPLE.......easy. Lets not get into all sports combined. Life has been this way since you and I were born, and way before and after.........the only solution to population issues is to stop it! This earth was designed to feed and hold only 1 billion humans, China alone is over the earths max population, so yeah, priorities are !@#$-up, from those who keep bringing starving babies into this world, and the countries who don't do anything about it, not AMERICANS who buy electronics.

By the way, Apple spends millions in donations each year helping millions of people from all over the world.

so_hai
so_hai like.author.displayName 1 Like

@terminus It's the corruption and fascistic regimes in Africa that take the food put of the hands of their people faster than any aid can get it in there. Corrupt governments need to be removed.

highlanderjimd
highlanderjimd like.author.displayName 1 Like

my nationstate is classified as "Iron Fist Consumerists" Its hard-nosed, hard-working, cynical population of 23 million are kept under strict control by the oppressive government, which measures its success by the nation's GDP and refers to individual citizens as "human resources.

This is how apple think of its customers as do many other large firms, usually controlled by the Rothschilds

rad8045
rad8045

the iphone is killing society and thats a fact.

so_hai
so_hai

@rad8045 I beg to differ: you're already clinically brain-dead if the device appeals to you to begin with.

IAMTYLERDURDEN
IAMTYLERDURDEN

@rad8045 Where's your proof? Can you provide any facts to back up your statement or are you just trying to be funny?

rad8045
rad8045 like.author.displayName like.author.displayName 2 Like

@IAMTYLERDURDEN @rad8045   Just being funny, personally I find iphones to be the phone for the masses who can't decide what phone they want so they buy the one thats most popular, The smart people find the smart phones that do the exact same thing but only cost half the amount of an iphone.

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