This article is about a hidden bounty of benefits about the production of apples most profitable product, the iPhone. In this article, we learn about Apple and how it's the world’s most valuable company's and one of China's largest retailers. It was said that the city of 6 million people in an impoverished region of China the factory there is owned and operated by apples manufacturing partner they go by the name of fox conn, they can produce 500,000 iPhones a day. We learn that the local government is doling out more than 1.5 billion iPhones to Foxconn. Although Apple came later than many other technology companies, it now generates nearly a quarter of its revenues from sales in China and has some of the fattest profit margins in the business. A 32 GB iPhone 7 cost an estimated $400 just to produce, yet it retails for roughly $650 in the US and Apple manages to earn 90% of the profits in the smart phone industry worldwide. There are many issues with in this situation. It doesn't make sense that there are thousands of phones being made a day in factories that are being sold for more than it cost to make.
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