Apple Donating $1.6M To China’s Earthquake Victims

Apple Donating $1.6M To China’s Earthquake Victims
ElisaRiva / Pixabay

Apple Inc. (NASDAQ:AAPL) will donate 10 million Yuan or around $1.6 million to China’s relief operations in Yunnan province, which was stricken by an earthquake that killed more than 600 people earlier this week.

The donation of Apple Inc. (NASDAQ:AAPL) for the earthquake victims in the country was reported by state-owned broadcaster, China Radio International.

This Top Value Hedge Fund Is Killing It This Year So Far

Stone House Capital PartnersStone House Capital Partners returned 4.1% for September, bringing its year-to-date return to 72% net. The S&P 500 is up 14.3% for the first nine months of the year. Q3 2021 hedge fund letters, conferences and more Stone House follows a value-based, long-long term and concentrated investment approach focusing on companies rather than the market Read More

Apple expressed condolences and concerns for victims

The report indicated that the Cupertino-based iPhone and iPad maker change the homepage of its Chinese website expressing words of condolences to the families of those who lost their lives from the catastrophe. Apple Inc. (NASDAQ:AAPL) also expressed concerns for the people working in the relief efforts in the province day and night.

According to the Chinese broadcaster, Zhaotong city was hit with a 6.5 magnitude earthquake, which is the most powerful that happened in Yunnan province over the past fourteen years.

Last year, Apple Inc. (NASDAQ:AAPL) donated 50 million Yuan or $8 million for the rescue and recovery operations in Sichuan, after the province was devastated by an earthquake the killed almost 200 and injured more than 10,000 people.

Other charitable contributions

Apple Inc. (NASDAQ:AAPL) activated its iTunes donation system to allow users to give charitable contributions to organizations such as Red Cross.

It is unclear whether the company would activate the iTunes Donation system as a follow to its contribution to the earthquake victims in Yunnan province.

Apple Inc. (NASDAQ:AAPL) activated the system last year for victims of Typhoon Haiyan, which killed more than 6,000 people and left hundreds of thousands of families homeless on November last year. The company also opened the system to accept donations for those affected by Hurricane Sandy in the United States in 2012 and earthquake Haiti in 2010

Apple Inc. (NASDAQ:AAPL) is one of the companies committed to supporting the fight against AIDS through the RED organization founded by Bono and Bobby Shiver in 2006. In April, the iPhone and iPad maker’s donation to the organization reached $70 million. Apple has been donating a portion of the purchase price of its product (RED).

Updated on

Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.
Previous article The Tesla Bull Case Just Got Even More Optimistic
Next article Private Equity Exhales As Exits Increase

No posts to display