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80,259 News Articles

Remains of the Day: Money money money

Apple's getting sued (again), Foxconn employees want more money, and Apple employees make insane amounts of profit. The remainders for Wednesday, May 18, 2011 are ready to cash in.

Netflix Passes Piracy in U.S. Net Traffic (Wired.com)

It's official: People would rather stream movies from Netflix than download them illegally via BitTorrent, if U.S. bandwidth usage is any guide. I chalk it up to the fact that Netflix makes it easier to watch Bad Girls From Mars.

Apple Hit with Wi-Fi Patent Lawsuit (The Mac Observer)

Linex says that Apple and HP are infringing its patents with their Wi-Fi antenna designs. Apple's defense is rumored to center on the fact that Linex is holding its patent filing wrong.

Protesters plank outside Foxconn's shareholder meeting (TUAW)

Foxconn's shareholders attempted to meet this week to discuss whatever it is electronic part manufacturing giants meet about, but instead had to suffer through the sight of protesters lying face down outside the meeting. The protestors demand better wages and overall treatment for Foxconn employees. "We're not going to take these conditions lying down," the protestors didn't say. Because they were lying down. And speak Chinese.

Apple employees most productive: Each works out to $420,000 in yearly profits (9 to 5 Mac)

If you average Apple's total profit across every individual employee, each one churns out a spectacularly high amount of money for the company. Of course, I'm guessing that some of the highest-ranking individuals on, say, the iPad team generate more value than the folks on the Stickies team, but the point is this: Apple essentially prints money. Too bad there's no app for that.


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