An Apple made of dough.
If we consider the recent budget and bankruptcy debates of the U.S. government, this piece of news may not be that surprising, but it is a testament to the enormous stockpile of monetary resources Apple has at its disposal. According to Business Insider, the U.S. had an operating cash balance of $73.8 billion as of yesterday, while Apple's war chest including cash and marketable securities is at $76.2 billion.
"In other words, the world's largest tech company has more cash than the world's largest sovereign government," Business Insider wrote. Of course, there will be a question what Apple will do with its wealth - whether it will return some of the money to investors (unlikely), whether it will buy Barnes & Noble as pointed out by BGR (even less likely), whether it will invest it in its own resources to expand its business range to include more products such as TVs (likely) or simply let the money sit and use it when it needs to (also likely.)
In comparison, Microsoft currently has $58.8 billion in cash available, Google has about $39.1 billion in the bank, IBM $11.7 billion, HP $12.7 billion and AT&T $3.8 billion.
Microsoft does a lot more with its money that helps the world, Apple feeds on peoples ignorance.
Considering they are ranked by Forbes as the 47th largest company in the world....ignore the fact that IBM is ranked 31st, Samsung 33, and Hewlett-Packard 42...yea just ignore those 3 tech companies....
I know it's a quote, but that guy from business insider is an idiot or a Apple Fanboy (same thing).
US government has a debt so large no one can tip it! (13 trillion dollars, for those who don't know what that means, it means that every single being of the ~310 million people livingin the USA would be paying about $40.000 to the government to pay back their government's debt!
So this article is kind of moot...
Microsoft does a lot more with its money that helps the world, Apple feeds on peoples ignorance.
US government has a debt so large no one can tip it! (13 trillion dollars, for those who don't know what that means, it means that every single being of the ~310 million people livingin the USA would be paying about $40.000 to the government to pay back their government's debt!
So this article is kind of moot...
Considering they are ranked by Forbes as the 47th largest company in the world....ignore the fact that IBM is ranked 31st, Samsung 33, and Hewlett-Packard 42...yea just ignore those 3 tech companies....
I know it's a quote, but that guy from business insider is an idiot or a Apple Fanboy (same thing).
/fixed
http://www.fms.treas.gov/mts/mts0611.pdf
For $2,000 you can get a top of the line Alienware laptop with an i7 processor, 8 gigs of ram and SLI (or Crossfire) video cards....in a LAPTOP....(1 hour battery time on standby, about 20 minutes playing....)
Maybe Apple could contract American companies to make their products? Maybe help out the US economy for once? Maybe help put a dent in the unemployment rate here?
(Not just picking on Apple BTW, although they are the richest of the bunch. Microsoft, Google, AMD-ATI, Nvidia, Intel all do the same thing and it's all hurts the US economy while boosting their own profits.)
The elite have ALL the money. I say we take it from them, and throw them in Gitmo.
Don't hit on apple's laptops, they don't do that bad with them. Its a quality product and the specs you get aren't so bad if you go for the lower range of laptops. The 2 grand one, I bet you can find a few things that were a bit overpriced. But included in that price is apples warranty, the ability to repair it just by going to an apple store, and their quality.
Quick check on quality.
http://seattle.craigslist.org/see/sys/2519433983.html
Find me a 6 year old PC laptop that 1. still works 2. still has a price 3. still has people that want to buy it.
Russia tried something amazingly like that in 1917. Wishing for the good old days, are you?
You need thank the New Dealers and the Great Society democrats and the spend-thrift, big government NeoCons who spent the US into oblivion before griping about a faction of the conservative base reminding you that the US needs to live within it's means. You are advocating for is another line of credit after maxing out your prior lines before squaring them.
Neither liberal utopias or global empires are feasible when the money is not available to sustain them.
These companies, especially Apple (even though I have an EnV3), make great products, which make those shareholders very wealthy. They deserve the credit for taking incredible risks.
Also, wow IBM used to be THE computer/electronics company back in my day. My how the mighty have fallen.
...of cash, of course. What did you think I meant??
Really? I want to see this laptop. I just went to alienware and apple and built somewhat similar laptops. The alienware cost $300 more for a GTX 460M over a 6750M in the apple...