upcoming product improvements. The companies' profiles would be improved as a result.
Moreover, Tesla also gains grants for promoting their goods internationally. Tesla has received
more than $7 billion in government contracts alone and billions more in tax breaks, loans and
other subsidies. In recent years, Tesla has sold at least $6 billion worth of government-backed
electric vehicle credits.
L.A.B - D1:
Evaluate the impact of globalisation on a business
Today, the economies of many countries are so interconnected that they form part of a single,
interdependent global economy. I believe that globalisation has overall had positive and
negative effects on the way that Apple has and will continue to trade internationally. The world
has become increasingly interdependent. Globalisation has impacted almost all the companies
throughout the world economy, growing ever more than before through which came many
difficulties and also brought major changes and benefits to businesses around the world.
Globalisation has made trading around the world a lot easier. Through globalisation, we
achieved technological advancements which improved how businesses can communicate with
their customers. This also meant that businesses creating international partnerships has
become much easier. Globalisation enabled the growth of large multinational companies such
as Apple that operate in a large number of countries around the world. Through Globalisation it
has also allowed the movement of labour and capital across international borders. The
movement of labour means that people are able to go to work and live in another country. The
free movement of capital allows businesses and individuals to spend money in other countries
as well as hold money in banks in different countries. This provides much more financial
freedom and provides more opportunities for businesses for growth and development.
Evaluating the impact of globalisation on Apple Inc.
Apple is an American multinational technology company headquartered in
Cupertino, California that designs, develops, and specialises in consumer
electronics, computer software, and online services. The company was
founded by two prominent entrepreneurs that have become inspirational
identities in the business world, Steve Jobs and Steve Wozniak. Apple is the
largest technology company by revenue (totalling US$365.8 billion in 2021)
and as of June 2022, is the world's biggest company by market capitalisation,
the fourth-largest personal computer vendor by unit sales and second-largest
mobile phone manufacturer. Apple’s brand equity equates to 2.5 trillion, the largest of any
companies globally. It is one of the Big Five American information technology companies,
alongside Alphabet, Amazon, Meta, and Microsoft. Apple is one of the largest corporations in
, their marketplace and in the business world with a net worth of $2472.32 billion and has a
market share of 15.6% in 2022. The company has built its predominance through the success of
its smartphones being a major leap to their massive success in attracting large quality and reach
of customers. And is still thriving and being the largest production maker and seller for
smartphones, helping build its positive reputation and wider publicity. As a result of
globalisation, world trade and partnerships are becoming more successful and efficient due to
improved communication, funding, and links between countries. With the advancement of
technology, we will be able to trade with countries all over the world. Performing day-to-day
duties and conversing faster are considerably easier. As a result of globalisation, Apple is able to
do business with different countries/trade across borders, make international payments, and
operate more efficiently and effectively, saving money and generating revenue. The current
world is heavily reliant on technology. The businesses invest a lot of money in R&D to produce
cutting-edge products while also meeting consumer technology demands. Since its inception,
Apple has been recognised as a highly inventive firm. Its unique products include macros, iOS,
MacBook’s, iPhones, iPods, iTunes, and others. Since 2003, Apple has spent a greater
proportion of its sales on research and development. Apple spent $4.2 billion on research &
development in the fiscal third quarter of 2019. Having said that, this is the most money Apple
has ever spent on R&D in a single quarter. Apple spent $4.2 billion on research & development
during the quarter, accounting for 7.9 percent of total revenue. Just in 3 years, its R&D costs
have increased by more than 4 Billion dollars. However, it has resulted in high financial
performance and growth of the company.
One globalisation impact that has significantly impacted Apple is through Technological
advancement/change or the increased utilisation of Technology. Nowadays, technology
surrounds our society with smart devices ranging from iPad, iPhones, Apple TVs to more
advanced technology regarding science, medical research, and more. Such innovations have
become more and more crucial for societies to grow and advance. Technology will always
continue to advance and develop. The living standards of many people have improved as a
result of technological advancements in recent decades. It impacts the way people interact,
how they learn and think. Technology benefits society and influences how individuals connect
with one another on a regular basis. As a result, making today’s society heavily reliant on
technology and its products such as TVs, laptops, mobile phones, and tablets, to name a few.
Because of technological advancements, the capacity to enjoy entertainment has become
increasingly practical and convenient. The internet has given us access to unlimited information
at any time of the day. This way we have the option of finding almost anything online from
different everyday products to information about any topic by simply searching for it at the
search bar. Mobile phones, laptops, computers, TVs, and more, have brought a significant
