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Old 07-29-2011, 07:01 PM   #1
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Apple richer than US
Apple holding more cash than US

http://www.bbc.co.uk/news/technology-14340470
29 July 2011

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

"Industry watchers believe that it is building up a war chest to be used for strategic acquisitions of other businesses ... Barnes and Noble ..."
Last edited by boxcorner; 07-30-2011 at 02:15 AM.
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Old 07-29-2011, 07:25 PM   #2
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And, I assume, less debt.
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Old 07-29-2011, 07:31 PM   #3
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They're in a position to help Greece, then?
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Old 07-29-2011, 07:32 PM   #4
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Certainly less embezzlement, corruption, sloth, nepotism, and stupidity.
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Old 07-29-2011, 07:42 PM   #5
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I remember that during the first Bush's recession, the State of California had a several billion dollar deficit, and Bill Gates' personal fortune could have bailed them out totally, with room to spare.

If I'm not mistaken, today it is within an order of magnitude of the National amount of cash on hand.
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Old 07-29-2011, 08:15 PM   #6
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Old 07-30-2011, 02:15 AM   #7
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From the article:
"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."

Nonsense. Everyone knows Jobs' black turtlenecks are what the war chest is really used for.
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Old 07-30-2011, 11:52 AM   #8
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Apple doesn't have crazy customers who want goodies without paying for them.
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Old 07-30-2011, 09:28 PM   #9
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Back when I was publishing comic books, I had a year in which I made $450 million more than Bank of America made that year. Of course, BoA lost $450 million that year....
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Old 07-30-2011, 09:35 PM   #10
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Originally Posted by J. Strnad View Post
Back when I was publishing comic books, I had a year in which I made $450 million more than Bank of America made that year. Of course, BoA lost $450 million that year....
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Old 07-30-2011, 10:08 PM   #11
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Originally Posted by lestatar View Post
From the article:
"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."

Nonsense. Everyone knows Jobs' black turtlenecks are what the war chest is really used for.
And the blue-jeans. Those can go for over $500 bucks a piece.

Good lord. Why anyone would spend THAT much on a pair of jeans....I'll never understand.
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Old 07-31-2011, 01:23 AM   #12
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^ totally with you on this. All my suits are custom jobs from HK, quite nice thank you very much, and none cost more than 400USD.

That's for a suit.

Jeans? More than 50USD? Insanity I tell ya!
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Old 07-31-2011, 09:38 AM   #13
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And the blue-jeans. Those can go for over $500 bucks a piece.

Good lord. Why anyone would spend THAT much on a pair of jeans....I'll never understand.
about 8 years ago I sold an old Levi's jacket for $2800. I don't care why they will pay it only that they will. Apple runs the same way.
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