(Updated from 2:41 p.m. EST to include analysis on jobs in China.)
NEW YORK (TheStreet) -- Plenty of people love Apple (AAPL) for its iPhones, iPads and Mac computers, but a new study finds they may also like the tech giant for keeping them employed, at least indirectly.
A study by Analysis Group posted on Apple's Web site finds that the Cupertino, Calif.-based company created 304,000 jobs, either directly or indirectly, across the U.S. Taking into account the 210,000 jobs stemming from the "app-economy," Apple is responsible for 514,000 jobs being created or supported in the U.S. alone.
Of the 304,000 jobs, the study notes 47,000 of them are at Apple, with the other 257,000 at companies like Corning (GLW), FedEx (FDX) and UPS (UPS), which either make parts for Apple products or deliver them to customers.There are 27,350 employees at Apple's 246 retail stores in America, and Apple makes sure to note the majority of them are full-time employees eligible for benefits. Apple also has its customer support jobs in the U.S., with 7,700 AppleCare Advisors. As apps continue to pop up in the App Store, Apple notes "[t]he app revolution has added more than 210,000 iOS jobs to the U.S." There are over 248,000 registered iOS developers in the U.S., and job search aggregator Indeed.com shows another 5,000+ iOS developer jobs available. More than $4 billion has been paid to developers from the sale of App Store purchases. Those numbers don't include jobs outsourced to China, such as manufacturing positions at companies including Foxconn and Pegatron to save on labor costs. The Analysis Group report didn't mention jobs overseas. Apple recently came under scrutiny after a New York Times article talked about horrible working conditions at its Chinese manufacturing plants. CEO Tim Cook defended his company in an internal email, saying, "We care about every worker in our worldwide supply chain. Any accident is deeply troubling, and any issue with working conditions is cause for concern. Any suggestion that we don't care is patently false and offensive to us." Cook also brought up the supply chain issue at the company's most recent shareholder meeting, as well as his recent appearance at an investor conference. Apple shares are higher in Friday's trading, up 0.1% to $544.93. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV