The W
Views: 98322387
Main | FAQ | Search: Y! / G | Calendar | Color chart | Log in for more!
21.8.14 0712
The W - Current Events & Politics - Apple Now Richer than US Government
This thread has 6 referrals leading to it
Register and log in to post!
Thread rated: 5.45
Pages: 1
(66 newer) Next thread | Previous thread
User
Post (4 total)
CHAPLOW
Morcilla








Since: 14.5.04
From: right behind you

Since last post: 65 days
Last activity: 65 days
#1 Posted on

Read this earlier:

http://www.bbc.co.uk/news/technology-14340470

    Originally posted by BBC News

    Apple holding more cash than USA

    Apple now has more cash to spend than the United States government.

    Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

    Apple's most recent financial results put its reserves at $76.4bn.

    The US House of Representatives is due to vote on a bill to raise the country's debt ceiling, allowing it to borrow more money to cover spending commitments.

    If it fails to extend the current limit of $14.3 trillion dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

    The United States is currently spending around $200bn more than it collects in revenue every month.

    Apple, on the other hand, is making money hand over fist, according to its financial results.

    In the three months ending 25 June, net income was 125% higher than a year earlier at $7.31bn.

    Spending spree
    With more than $75bn either sitting in the bank or in easily accessible assets, there has been enormous speculation about what the company will do with the money.

    "Apple keeps its cards close to its chest," said Daniel Ashdown, an analyst at Juniper Research.

    Industry watchers believe that it is building up a war chest to be used for strategic acquisitions of other businesses, and to secure technology patents.

    Bookstore Barnes and Noble and the online movie site Netflix have both been tipped as possible targets, said Mr Ashdown.

    The company may also have its eye on smaller firms that develop systems Apple might want to add to its devices, such as voice recognition.

    Apple dipped into some of its reserves recently when it teamed-up with Microsoft to buy a batch of patents from defunct Canadian firm Nortel.

    The bidding consortium shelled out $4.5bn for more than 6,000 patents.


Not too surprising when Apple is (more than) doubling their annual net profits while the US is "currently spending around $200bn more than it collects in revenue every month" but still, I found this to be pretty interesting.

Forget China, the world of tomorrow belongs to Google and Apple I'm pretty sure.





www.facebook.com/candywriter
Guys I do marketing for, like them so it will look like I'm doing a good job? :I
Promote this thread!
StingArmy
Andouille








Since: 3.5.03
From: Georgia bred, you can tell by my Hawk jersey

Since last post: 11 days
Last activity: 8 days
#2 Posted on | Instant Rating: 5.45
Terrifying, on multiple levels.

- StingArmy
JST
Toulouse








Since: 20.1.02
From: Quebec City, CAN

Since last post: 2 days
Last activity: 7 hours
#3 Posted on | Instant Rating: 5.00
So the country is basically Ric Flair?



My side is the side of love, peace and submachine guns.
CHAPLOW
Morcilla








Since: 14.5.04
From: right behind you

Since last post: 65 days
Last activity: 65 days
#4 Posted on
    Originally posted by JST
    So the country is basically Ric Flair?


This made me chuckle loudly at work.





www.facebook.com/candywriter
Guys I do marketing for, like them so it will look like I'm doing a good job? :I
Thread rated: 5.45
Pages: 1
Thread ahead: West Memphis 3 To Be Freed Today
Next thread: Atheists sue Over Cross in WTC
Previous thread: NPR: Why prosecutors don't target Wall Street
(66 newer) Next thread | Previous thread
Ah yes. The race card. It's always the race card when it makes your side look bad. Kanye West said what needed to be said.
- Hogan's My Dad, Holy crap! Katrina (2005)
The W - Current Events & Politics - Apple Now Richer than US GovernmentRegister and log in to post!

The W™ message board

ZimBoard
©2001-2014 Brothers Zim

This old hunk of junk rendered your page in 0.095 seconds.