Could you provide a link please. I can find no reference to the iPhone. The multiple accounts I have read all just say there was one thief and that the truck was recovered four days later because he managed to crash it into a utility pole.
Story tax luxury goods are taxed is partially wrong. Whilst this is correct for imported goods so carry a large import into China duty more than 50% depending on item. And Assumed not snuggled. iPhones are made in China so are not subject to such tax. But they have vat added for domestic sales hence the cost difference between HK and China. Products manufactured in China which are exported can claim from government a rebait duty. Often companies sell goods at cost price for international business and rely on export rebait as the profit. But the domestic price is higher to offset this difference which has to include the vat. Unless black market or factory gate price ( ie sold out back door) as I been living and working in China for six year in Shenzhen. I feel more than qualified to educate on this report.
I wonder what kind of contract Apple has with its suppliers and warehouses regarding theft. Based on the contract for the GTAT Sapphire supplier, it's probably something like Apple is not responsible for payment of product until they are delivered to Apple, Apple Stores, or resellers.
My guess is that it's Foxconn/Pegatron/whoever that is liable until an Apple employee (or authorized agent) signs a bill of lading stating that they accept the delivery of ___ into (Apple-controlled) Warehouse X/Y/Z, which is probably in the air cargo terminal of a large Chinese airport (Shenzhen, Guangzhou, etc.). They remain Apple's property until they leave a loading dock to be loaded onto a cargo jet, at which point FedEx/UPS/whoever are the liable party(ies) as the consignees.
Apple pre-pays a lot of their suppliers; likely the contracts are written so various partners assume liability when the items are not in Apple's actual possession.
Note that this isn't any different than liability that covers other items. Let's say I'm a strawberry farmer and I wish to export some of my crop to Japan. Well, the liability rests with me until the pallet of produce leaves my loading dock, then it's responsibility of the trucking company. Now if the berries fall off a Port of Oakland fork lifter, well, it's likely the fault of Port of Oakland dock operators. If the boat capsizes in SF Bay, well, it would be the ship operator. The transfer of liability for commercial items is usually defined by a paper trail.
I can't help but have a level of respect for these truly ambitious, creative, and dedicated heists that take a fuckload of planning and work to pull off.
I can't help but have a level of respect for these truly ambitious, creative, and dedicated heists that take a fuckload of planning and work to pull off.
What is so great about stealing the phones? You would not say this dumb crack if it was your warehouse they broke into and stole these phones.
Your "news" source does not know the difference between "there" and "their". I especially do not trust any journalists who do not know how to write and spell basic words.
Because nobody misses them.
If Samsung Galaxy S5's shipped to a warehouse were stolen from there, Samsung would gladly mark them as "sold through" instead of "shipped."
Hence the reason why "shipped" as a metric is meaningless.
The phones could be shipped to a landfill, or immediately recycled into Occulus Rift's, and Samsung would still consider it shipped.
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Xiaomi claims they're not an Apple copycat.
http://www.cnbc.com/id/102343384?__source=yahoonews&par=yahoonews
I thought this was going to be one of those 'funny caption' competitions.
No, it's not cool. People will steal anything not locked down or electrified in China, given the opportunity. Theft of all kinds rampant.
There's a fine line between being a thief and being "entrepreneurial" or "a hedge fund manager".
Could you provide a link please. I can find no reference to the iPhone. The multiple accounts I have read all just say there was one thief and that the truck was recovered four days later because he managed to crash it into a utility pole.
I thought this was going to be one of those 'funny caption' competitions.
"Hello? Can you hear me now?"
iPhones are made in China so are not subject to such tax.
But they have vat added for domestic sales hence the cost difference between HK and China.
Products manufactured in China which are exported can claim from government a rebait duty. Often companies sell goods at cost price for international business and rely on export rebait as the profit. But the domestic price is higher to offset this difference which has to include the vat. Unless black market or factory gate price ( ie sold out back door) as I been living and working in China for six year in Shenzhen. I feel more than qualified to educate on this report.
Killing me!
PS: [@]cnocbui[/@], he's not literally killing me.
pointless since the serial numbers would be known to apple & authorities, and easily blocked from activation
Apple unveils new TeamApple cycling outfits.
I wonder what kind of contract Apple has with its suppliers and warehouses regarding theft. Based on the contract for the GTAT Sapphire supplier, it's probably something like Apple is not responsible for payment of product until they are delivered to Apple, Apple Stores, or resellers.
My guess is that it's Foxconn/Pegatron/whoever that is liable until an Apple employee (or authorized agent) signs a bill of lading stating that they accept the delivery of ___ into (Apple-controlled) Warehouse X/Y/Z, which is probably in the air cargo terminal of a large Chinese airport (Shenzhen, Guangzhou, etc.). They remain Apple's property until they leave a loading dock to be loaded onto a cargo jet, at which point FedEx/UPS/whoever are the liable party(ies) as the consignees.
Apple pre-pays a lot of their suppliers; likely the contracts are written so various partners assume liability when the items are not in Apple's actual possession.
Note that this isn't any different than liability that covers other items. Let's say I'm a strawberry farmer and I wish to export some of my crop to Japan. Well, the liability rests with me until the pallet of produce leaves my loading dock, then it's responsibility of the trucking company. Now if the berries fall off a Port of Oakland fork lifter, well, it's likely the fault of Port of Oakland dock operators. If the boat capsizes in SF Bay, well, it would be the ship operator. The transfer of liability for commercial items is usually defined by a paper trail.
... The phones were found abandoned as the thieves made off with the valuable truck.
I guess they don't have metal detectors at the borders over there.
That's one fantastic fox con
I can't help but have a level of respect for these truly ambitious, creative, and dedicated heists that take a fuckload of planning and work to pull off.
I can't help but have a level of respect for these truly ambitious, creative, and dedicated heists that take a fuckload of planning and work to pull off.
What is so great about stealing the phones? You would not say this dumb crack if it was your warehouse they broke into and stole these phones.
Quote:
Your "news" source does not know the difference between "there" and "their". I especially do not trust any journalists who do not know how to write and spell basic words.
I don't trust what AI journalists write either.
Hence the reason why "shipped" as a metric is meaningless.
The phones could be shipped to a landfill, or immediately recycled into Occulus Rift's, and Samsung would still consider it shipped.