![]() ![]() And Apple's market value is now at $416 billion, making it the world's most valuable technology company. Earlier this week, it reported 73% growth in revenues to $46.3 billion and profit of $13.1 billion for the quarter - more than double the year before's. Needless to say, this is good for Apple's bottom line. And every year it requires those suppliers to reduce their prices by 10%, reports the Times. At the same time, Apple pushes its suppliers to manufacture huge volumes with little notice at very low costs and razor-thin profit margins. To that end, the Times reports that Apple has conducted supplier audits and published the results on its web site.
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