Apple – richer than 69 countries
Posted 21 July 2010 - 03:49 PM
The company's profit in Q1 was $3.38, and in Q2 it was US$3.07 billion. Let's be conservative and estimate Q4 at US$3 billion. That's US$12.7 billion for the year – on a par with the Republic of the Congo, and more than the GDP of 69 countries.
So what do you think? Is this a case of "Good on 'em ... this means happy shareholders and more great products for us", or just a bit obscene?
Posted 21 July 2010 - 04:05 PM
OTOH, nowadays you expect large companies to have those kinds of revenues. Just the way it is.
But definitely food for thought. How does our consumption affect others?
...Sometimes you just wanna duct tape her mouth and dump her in the hold for a month."
Posted 21 July 2010 - 04:34 PM
Hopefully some of the money they make goes back into charity as well. I know that's what Bill Gates does, so I'm sure Apple must do something similar?
Posted 21 July 2010 - 04:43 PM
One issue I have is the amount of cash they are sitting on. Whilst it's nice to have a good cash buffer they are now way beyond that and have been for some time.
Of course their job is to make money but maybe now they could be doing more on the social side.
History tells us nothing lasts for ever and I wonder if this is at or near the peak for Apple. The future seems bright so in one sense no but when someone is making that amount of money there will be many start ups looking for ways to enter it's markets.
In the interest of disclosure I have contributed a lot to that number
Posted 21 July 2010 - 08:40 PM
Posted 22 July 2010 - 12:04 PM
The most disturbing thing about Apple is that, unlike M$, they don't have ANY charitable intentions.
I found this article really disturbing: http://uncultured.co...global-poverty/
Here is an excerpt:
The same cannot be said for Apple. In fact, to this day despite all the contacts I’ve made, I have yet to find a single person who knows anything Apple has funded or supported in the fight against global poverty.
Check out the attached reply from Apple.
And you thought "Just hold it differently" was piss-poor.
Posted 22 July 2010 - 12:15 PM
Regardless of wether you are pro Apple or anti Microsoft (or like me somewhere in the middle lol) it certainly makes you think how we are responsible for a lot of the worlds ills.
It will also be interesting to see the reaction to this from some of the forum members, especially the very pro apple's
Posted 22 July 2010 - 11:23 PM
And it's not the kick from the pro-Apple camp that has me interested,it's the comments of the entrepreneurs and capitalists that I think will be interesting.