What Does Apple Make When It Sells You an iPhone?
With corporate profits at an all time high and wages stagnant, you’re probably curious about the disconnect. A slack labor force is one element, and you’d probably assume that high profit margins are another. Sometimes, like with Apple’s new iPhone 6, that’s true.
As this video courtesy of Buzzfeed shows, though, many of America’s biggest companies rely on doing a large quantity of business while making a small profit on each sale. The six cents McDonald’s makes every time it sells a double cheeseburger somehow comes out to $8.85 billion in U.S. profits each year. That’s a lot of “all beef” patties.
