IDEAS home Printed from https://ideas.repec.org/p/cgs/wpaper/43.html
   My bibliography  Save this paper

Apple’s financial success. The precariousness of power exercised in global value chains

Author

Listed:
  • Colin Haslam, Nick Tsitsianis and Y Ping Yin

Abstract

This working paper is about the Apple Inc Business Model and how, in a financialized world, the success of this business model is represented in the form of what we term financial point values. Our argument is that there is a tendency to promote specific point valuation multiples as measures of success but these values, by their nature, do not reveal the contingent and variable nature of power relations exercised in and along global supply chains. Firms like Apple, exploit resources and capabilities to 'create value but also exercise power to recalibrate relations with suppliers in the value chain to secure 'value capture', for financial transformation. Value capture is an active ingredient that can help inform our understanding of the fragility of the Apple business model and frame a critical argument about the precarious nature and sustainability of AppleÕs huge profit margins.

Suggested Citation

  • Colin Haslam, Nick Tsitsianis and Y Ping Yin, 2013. "Apple’s financial success. The precariousness of power exercised in global value chains," Working Papers 43, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    • Handle: RePEc:cgs:wpaper:43
    as

    Download full text from publisher

    File URL: http://cgr.sbm.qmul.ac.uk/CGRWP43.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lehman, Glen & Haslam, Colin, 2013. "Accounting for the Apple Inc business model: Corporate value capture and dysfunctional economic and social consequences," Accounting forum, Elsevier, vol. 37(4), pages 245-248.
    2. Sun, Yutao & Grimes, Seamus, 2016. "China’s increasing participation in ICT’s global value chain: A firm level analysis," Telecommunications Policy, Elsevier, vol. 40(2), pages 210-224.
    3. Krishnan, Sarada R., 2018. "Influence of transnational economic alliances on the IFRS convergence decision in India—Institutional perspectives," Accounting forum, Elsevier, vol. 42(4), pages 309-327.

    More about this item

    Keywords

    Apple Inc Business Model; Global Value Chains; Point Values; Value Capture.;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cgs:wpaper:43. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pedro S. Martins (email available below). General contact details of provider: https://edirc.repec.org/data/cgqmwuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.