The article above has two main highlights, the first of which is scary to think about.
- "U.S. Treasury has an operating cash balance of $73.8 billion -- less than Apple's cash reserves"
- "Apple just became the world's largest smartphone vendor by volume"
The first highlight is just downright depressing as an American citizen. The fact that our country has less money than a company that sells mainly luxury items (mp3 players, cell phones and tablets) is not a good sign of things to come.
The following quote from Steve Jobs should be taken into to consideration by everyone in Washington:
"We don't let the cash burn a hole in the pocket or make stupid acquisitions," CEO Jobs said last fall. "We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."
It's also interesting to note that if the US Government starts to control spending, will the American people do their part as well? I wonder how Apple's numbers would look if some of it's customers tightened their belts.
Below is a video explaining some of the reasons we are in this debt crisis:
No comments:
Post a Comment