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Apple Inc Custom-Orders the Microprocessors for Its IMac, IPhone, and IPad

question 191

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Apple Inc. custom-orders the microprocessors for its iMac, iPhone, and iPad. Intel makes chips for the iMac and Samsung produces Apple-designed chips for the iPhone and iPad. Intel and Samsung work with Apple to minimize costs for each of them while maximizing quality, ultimately giving customers good value for their money. This is an example of


Definitions:

Secondary Sector

The segment of the economy concerned with manufacturing, processing, and construction, transforming raw materials into finished products.

Economy

A system of production, distribution, and consumption of goods and services within a particular geographic boundary.

Manufacturing

The process of converting raw materials, components, or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.

Dead-End Job

A job with little to no possibility of career advancement or personal growth.

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