Apple Now Has More Cash Than The U.S. Government

[PorkChopSandwiches]

http://static6.businessinsider.com/image/4da3244b49e2ae6a141a0000-399-300/uncle-sam.jpg

Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.
According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world's largest tech company has more cash than the world's largest sovereign government.
That's because Apple collects more money than it spends, while the U.S. government does not.

[PorkChopSandwiches]

That's because Apple collects more money than it spends, while the U.S. government does not.

This^^^^

[Arkady Renko]

Maybe you should replace Obama with Stev Jobs.

[Teh One Who Knocks]

This^^^^

But crApple can't print money like the US can :dance:


Maybe you should replace Obama with Stev Jobs.

:umno:

[PorkChopSandwiches]

Maybe you should replace Obama with Stev Jobs.


If he could live for a term

[Muddy]

We need a businessman in office, like Mark Warner..

[Godfather]

I wonder if RIM has as much cash as Canada :-k :lol:

[PorkChopSandwiches]

Hahahaha, RIM is lucky to still be in business. I bet by 2015 they are out of the game.

[Teh One Who Knocks]

If he could live for a term

I'd rather have Trump running the country before letting Jobs do it....he's a fucking nazi

[Godfather]

Hahahaha, RIM is lucky to still be in business. I bet by 2015 they are out of the game.

Ahh it's not that bad. They still have 15% of the world market of smartphones. In Canada their share is over 40%.

[PorkChopSandwiches]

Ahh it's not that bad. They still have 15% of the world market of smartphones. In Canada their share is over 40%.

They are so far behind the curve, I cant see how they will pull out of the nosedive they are in. There products are garbage, their email is always down. They come out with dumb shit like the playbook that can only get online if you have a blackberry. Everyone I know who who has tried an iphone or and android phone has switched from their blackberry.

[Arkady Renko]

exactly, either they'll switch to android soon or they're doomed.

[deebakes]

:wank:

[Deepsepia]

Maybe you should replace Obama with Stev Jobs.

Is a great thing to think about. America's best corporate leaders are vastly better than our political leaders -- think of Jobs, Bezos, Buffett, Page, Brin & Schmidt.

Some things that distinguish them from politicians -- their power (absolute, or near) and their time horizon (long term). All of them are willing and able to spend money today to build a franchise tomorrow. All of them are willing to look their portfolio and say "we tried this, it didn't meet our expectations, we're shutting it down"

None of them are overtly ideological, and to the extent they do have a political ideology, it's slightly left of center, and vqstly to the left of the American congress. Look at Bill Gates and the Gates Foundation, for example-- their activities are very similar to the foreign aid given by a country like Sweden.

But I come back to the power. No one argues with Steve Jobs at Apple. When the dot Mac project had a screwed up rollout, he dragged every member of the team into an auditorium, told them that they had embarrassed the company -- before too long everyone associated with the project had been fired.

[deebakes]

I love Steve Ellison :oops:

[Deepsepia]

I love Steve Ellison :oops:

Steve Ellison?

You mean Larry Ellison (Oracle?)

Lotta chicks have loved Larry Ellison.

Story told round Silicon Valley:

April Fools day, 1991, Oracle Corporation phone tree

Hello, you've reached Oracle Corporation
please press
"1" for sales
"2" for service
"3" if Larry told you "you're the one who'll fill this aching void in my life"

[AntZ]

If he could live for a term

Even petrified skin hanging on his skeleton could do a better job then Obama!

[deebakes]

Steve Ellison?

You mean Larry Ellison (Oracle?)

Lotta chicks have loved Larry Ellison.

Story told round Silicon Valley:

April Fools day, 1991, Oracle Corporation phone tree

Hello, you've reached Oracle Corporation
please press
"1" for sales
"2" for service
"3" if Larry told you "you're the one who'll fill this aching void in my life"

:oops: my bad, yeah that's the guy. He gave me $400,000 for research :dance:

[Arkady Renko]

:oops: my bad, yeah that's the guy. He gave me $400,000 for research :dance:

I guess that goes a fairly long way in terms of free blowjobs, huh?

[deebakes]

yep :tup:

gotta love those college coeds :oops:

[Deepsepia]

:oops: my bad, yeah that's the guy. He gave me $400,000 for research :dance:

Ellison did?

He supports medical stuff, mostly ?

[deebakes]

Aging research :tup:

[Jezter]

Doesn't everyone have now more moneez than the gubermint?

[Deepsepia]

Aging research :tup:

telomeres, that kind of stuff?

or milfs?

[Arkady Renko]

yep :tup:

gotta love those college coeds :oops:

I may have chosen the wrong major back then...


telomeres, that kind of stuff?

or milfs?

immortal lab rats, most likely.

[deebakes]

senescence in cancer and aging :dance:

[deebakes]

and gilfs :oops: