[itsahoot]

overpriced crap made by Apple.

And yet they sell products that people want to buy, without a single bailout, or even massive layoffs.

[Star Traveler]

You were saying ...

And yet they sell products that people want to buy, without a single bailout, or even massive layoffs.

Yes, indeed, and their sales keep increasing even during a Depression, what a deal! :-)

Look at this -- even during our very dour financial circumstances, Apple keeps doing very well with their wildly successful products that they design, make and sell to the average consumer in this country (and other countries, too...).

Thanks mostly to the iPhone, Apple's cash and investments rose to about $42 billion as of March 31, nearly three-quarters of the tech company's total assets. In six months' time that figure could approach $50 billion, given Barclays Capital analyst Ben Reitzes's estimate that Apple will generate $14.6 billion in free cash flow this fiscal year.

As a banker, though, Apple Chief Executive Steve Jobs is no Jamie Dimon. Invested heavily in government and corporate securities and commercial paper, based on past disclosures, the money earned an average yield of 0.75% in the December quarter. Apple hasn't disclosed the March-quarter yield.

[ from ... http://online.wsj.com/article/SB10001424052748704133804575198350644055686.html?mod=WSJ_hp_mostpop_read ]

[dangerdoc]

"And yet they sell products that people want to buy, without a single bailout, or even massive layoffs." apple bail out And yes, they have had massive layoffs preceding the bailout. Although, I could kick myself for not buying stock during the panic selling. It was one of those to do things that I never got around to. People get rich when other people panic, at least people other than I do. So far, other than Palm, I'm not aware of any of the major phone manufacturers receiving a bail out. Maybe Motorola during the dark years. Speaking of Motorola, I read a story tonight that they are going to stop using Google location services for their Android phones. That is an interesting turn of events and may warrant it's own thread later if anyone is interested.