Apple holding more cash than USA - GoFuckYourself.com

DVTimes · 07-29-2011, 07:10 AM

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 (£46.9bn).

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 reach an agreement, the federal government is likely to hit its $14.3 trillion (£8.7tn) dollar limit.

The United States is currently spending around $200bn (£122bn) 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 (£4.6bn).

Spending spree

With more than $75bn (£35.8bn) sitting in the bank, 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 (£2.8bn) for more than 6,000 patents.

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

SmokeyTheBear · 07-29-2011, 07:25 AM

as silly as it may sound , usa should sell one of its states and completely pay off its debts

scuba steve · 07-29-2011, 07:35 AM

Haha see you later south Dakota

JFK · 07-29-2011, 07:43 AM

Quote:

Originally Posted by SmokeyTheBear

as silly as it may sound , usa should sell one of its states and completely pay off its debts

they are unable to run the country as a business, after the state is sold off, they would be in the same pickle in a year or 2

seeandsee · 07-29-2011, 07:51 AM

Quote:

Originally Posted by DVTimes

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 (£46.9bn).

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 reach an agreement, the federal government is likely to hit its $14.3 trillion (£8.7tn) dollar limit.

The United States is currently spending around $200bn (£122bn) 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 (£4.6bn).

Spending spree

With more than $75bn (£35.8bn) sitting in the bank, 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 (£2.8bn) for more than 6,000 patents.

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

apple is full of cash, i wish i have few shares there :D

EonBlue · 07-29-2011, 09:27 AM

Quote:

Originally Posted by SmokeyTheBear

as silly as it may sound , usa should sell one of its states and completely pay off its debts

We'll take Alaska.

96ukssob · 07-29-2011, 09:35 AM

yesterday called...

magicmike · 07-29-2011, 09:39 AM

What is apples long term plan with all that cash. They don't give dividends so...

PR_Dave · 07-29-2011, 10:19 AM

Quote:

Originally Posted by magicmike

What is apples long term plan with all that cash. They don't give dividends so...

He is building a space ship < this is actually true.

pornguy · 07-29-2011, 11:41 AM

Quote:

Originally Posted by SmokeyTheBear

as silly as it may sound , usa should sell one of its states and completely pay off its debts

Sell Puerto Rico first.

JosephFM · 07-29-2011, 01:10 PM

Quote:

Originally Posted by pornguy

Sell Puerto Rico first.

Yes please! The US is all fucked up and going down the drain, I think we will be better off unless they sell us to a third word country (although PR has a mix of both third world and non third world aspects to it) then I'll have to move my ass to Canada which I hear is nice.

marzzo · 07-29-2011, 01:16 PM

Quote:

Originally Posted by scuba steve

Haha see you later south Dakota

Let's toss North Dakota in there too, make it a package deal.

Bladewire · 07-29-2011, 04:01 PM

A CLEAR sign that corporations have to much power in America. Reform is needed

Dvae · 07-29-2011, 04:48 PM

Quote:

Originally Posted by SmokeyTheBear

as silly as it may sound , usa should sell one of its states and completely pay off its debts

Already doing it:
China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho

Dvae · 07-29-2011, 04:53 PM

Quote:

Originally Posted by Squirtit

A CLEAR sign that corporations have to much power in America. Reform is needed

I strongly disagree. The politicians have too much power unchecked.

And yes reform is needed. We need to clean house, throw them all out and start over.
Term limits just like the President would go a long way in getting rid of life long Senators and Congressman.

JosephFM · 07-29-2011, 05:19 PM

Quote:

Originally Posted by Dvae

I strongly disagree. The politicians have too much power unchecked.

And yes reform is needed. We need to clean house, throw them all out and start over.
Term limits just like the President would go a long way in getting rid of life long Senators and Congressman.

Tru dat!

campimp · 07-29-2011, 10:09 PM

gotta love some apple

adultzone · 07-29-2011, 10:17 PM

So apple can buy the entire country then?

Chosen · 07-29-2011, 10:19 PM

https://gfy.com/showthread.php?t=1032172

cooldude7 · 07-29-2011, 10:35 PM

intresting facts,

Wilbo · 07-30-2011, 05:33 AM

Everybody is missing the point. This just shows that Apple products are way overpriced. Long live Bill Gates!!!

PornDiscounts-R · 07-30-2011, 06:07 AM

Quote:

Originally Posted by EonBlue

We'll take Alaska.

With or without Sarah Palin

SomeCreep · 07-30-2011, 06:11 AM

They're ballers.

MrMaxwell · 07-30-2011, 12:38 PM

Apple is a motherfucking fuck hole.. they don't believe that we should have the right to see or use what we want after we pay $500-$2000 for their junk (either retail or through signing 2yr agreements)

Also our rapist government rapes and steals ANYTHING it wants

Why not do this. Instead of raping us for a couple of weeks, let them rape apple and take all of their money..

That would be a great solution to come up with a bit of extra cash

Dvae · 07-31-2011, 03:49 AM

Quote:

Originally Posted by MrMaxwell

Apple is a motherfucking fuck hole.. they don't believe that we should have the right to see or use what we want after we pay $500-$2000 for their junk (either retail or through signing 2yr agreements)

You are one ignorant fuck!
Have you even ever used any Apple products?

Zorgman · 07-31-2011, 03:53 AM

Stop spending two trillion dollars on fighter plans and bombs. That might help.

Best-In-BC · 07-31-2011, 07:44 AM

Who gives a shit, Apples Suck! besides for video editing, if your too cheap to build your own PC :D

inabon · 07-31-2011, 07:53 AM

Quote:

Originally Posted by pornguy

Sell Puerto Rico first.

I am from PR and don´t live there been 15 years since.... i don´t think latin america would want that dump hahahahaha

believe it or not a lot of latin american countries are way better than PR and US at the moment.

V_RocKs · 07-31-2011, 09:43 AM

Apple for government!

Joshua G · 07-31-2011, 10:00 AM

we would reform the government to work like apple...

design all policies & procedures in DC. Outsource all the work & construction to china. Then price gouge the taxpayers.

MrMaxwell · 07-31-2011, 11:53 AM

Quote:

Originally Posted by Dvae

You are one ignorant fuck!
Have you even ever used any Apple products?

Fuck you, and fuck apple

ING82 · 07-31-2011, 05:22 PM

Rename to imerica?

marlboroack · 07-31-2011, 05:35 PM

I wish i just had 500,000$ of Apples money.

PromoterX · 07-31-2011, 08:55 PM

South Dakota? Fuck that!

You can sell Florida off to Canada.... we'll take it! Hell were all down there 6 months out of the year already, this would just get all that nasty paperwork and strip searches out of the way!

07-29-2011, 07:10 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	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 (£46.9bn). 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 reach an agreement, the federal government is likely to hit its $14.3 trillion (£8.7tn) dollar limit. The United States is currently spending around $200bn (£122bn) 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 (£4.6bn). Spending spree With more than $75bn (£35.8bn) sitting in the bank, 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 (£2.8bn) for more than 6,000 patents. http://www.bbc.co.uk/news/technology-14340470 __________________ The Affiliate Program

07-29-2011, 07:25 AM	#2
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	as silly as it may sound , usa should sell one of its states and completely pay off its debts __________________ hatisblack at yahoo.com

07-29-2011, 07:35 AM	#3
scuba steve Confirmed User Join Date: Oct 2008 Location: i'm in miami bitch Posts: 1,888	Haha see you later south Dakota __________________

07-29-2011, 09:35 AM	#7
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	yesterday called... __________________ Email: Clicky on Me

07-29-2011, 09:39 AM	#8
magicmike Confirmed User Industry Role: Join Date: Feb 2003 Location: JustPorno Posts: 2,384	What is apples long term plan with all that cash. They don't give dividends so... __________________ Just Porno with both classic and mobile porn versions. Gay Porn Our mega gay site tranny porn

07-29-2011, 04:01 PM	#13
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,229	A CLEAR sign that corporations have to much power in America. Reform is needed __________________ Skype: CallTomNow

07-29-2011, 10:09 PM	#17
campimp Confirmed User Industry Role: Join Date: Jan 2007 Location: Gamehendge Posts: 1,340	gotta love some apple

07-29-2011, 10:17 PM	#18
adultzone So Fucking Banned Industry Role: Join Date: May 2010 Location: Southeast Asia (Philippines) Posts: 1,499	So apple can buy the entire country then?

07-29-2011, 10:19 PM	#19
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	https://gfy.com/showthread.php?t=1032172

07-29-2011, 10:35 PM	#20
cooldude7 Confirmed User Industry Role: Join Date: Nov 2009 Location: Heaven Posts: 4,306	intresting facts,

07-30-2011, 05:33 AM	#21
Wilbo Confirmed User Join Date: Mar 2001 Location: Baltimore Posts: 2,082	Everybody is missing the point. This just shows that Apple products are way overpriced. Long live Bill Gates!!!

07-30-2011, 06:11 AM	#23
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	They're ballers. __________________ Webair Hosting I use and recommend Webair for hosting.

07-30-2011, 12:38 PM	#24
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Apple is a motherfucking fuck hole.. they don't believe that we should have the right to see or use what we want after we pay $500-$2000 for their junk (either retail or through signing 2yr agreements) Also our rapist government rapes and steals ANYTHING it wants Why not do this. Instead of raping us for a couple of weeks, let them rape apple and take all of their money.. That would be a great solution to come up with a bit of extra cash

07-31-2011, 03:53 AM	#26
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	Stop spending two trillion dollars on fighter plans and bombs. That might help. __________________ ---

07-31-2011, 07:44 AM	#27
Best-In-BC Confirmed User Join Date: Jun 2002 Posts: 9,506	Who gives a shit, Apples Suck! besides for video editing, if your too cheap to build your own PC :D __________________ Vacares - Web Hosting, Domains, O365, Security & More Unparked domains burning a hole in your pocket? 5 Simple Ways to Make Easy $$$ from Unused Domains

07-31-2011, 09:43 AM	#29
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	Apple for government!

07-31-2011, 10:00 AM	#30
Joshua G dumb libs love censorship Industry Role: Join Date: Jul 2008 Posts: 8,198	we would reform the government to work like apple... design all policies & procedures in DC. Outsource all the work & construction to china. Then price gouge the taxpayers.

07-31-2011, 05:22 PM	#32
ING82 Confirmed User Industry Role: Join Date: Jul 2011 Posts: 184	Rename to imerica?

07-31-2011, 05:35 PM	#33
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	I wish i just had 500,000$ of Apples money.

07-31-2011, 08:55 PM	#34
PromoterX Confirmed User Industry Role: Join Date: Sep 2010 Posts: 949	South Dakota? Fuck that! You can sell Florida off to Canada.... we'll take it! Hell were all down there 6 months out of the year already, this would just get all that nasty paperwork and strip searches out of the way!