March 23, 2012

Apple, Think Differently About Your Cash

A. Penenberg, Fast Company


AP Photo

It's hard to imagine how big a billion is. Now try with $97.6 billion (call it an even $100 billion), the wad of cash Apple has squirreled away. One hundred billion one-dollar billsweigh about 200 million pounds (or 100,000 tons, give or take) and if you laid them end-to-end they'd circle the earth 40 times at its widest point, the equator. Layer one bill on top of the other and you could build a tower 6.8 miles (36,000 feet) into the air, high enough to obstruct air traffic. Convert Apple's cash stash into a giant stack of pennies and you could reach the moon. Twice. The company that sprouted modestly from Steve Jobs' garage on April Fool's Day 36 years ago has enough cash on hand to pay off the total public debt of eight European Union countries. It could buy Facebook outright,...

Read Full Article ››

TAGGED: Apple

RECOMMENDED ARTICLES

May 15, 2012
Just How Good Is the iPhone 4S Camera?
Dan Havlik, Imaging Resource
No price data available. Check back soon.Review Summary: With a higher-resolution 8-megapixel backlit sensor, a faster processor, and all the photography apps you can imagine, the Apple iPhone 4S is an incremental improvement in... more ››
May 15, 2012
Wozniak Calls for Open Apple
James Hutchinson, IT News
Apple co-founder Steve Wozniak has voiced a renewed desire to see the consumer electronics giant open its architecture to the masses, allowing savvy users to expand and add to their products at will.The company's notoriously... more ››
May 14, 2012
How I Learned to Love the Mac
Dan Nosowitz, Popular Science
I haven't used a computer mouse in three years. That's all because of an app for Mac OS X called Multiclutch. MultiClutch was a game changer for me, a brief but epiphanic look at the future of computing. The idea: you can map... more ››
May 14, 2012
The Challenge of Competing with Apple
Tim Bajarin, Tech.pinions
One of the more interesting questions I get asked as an industry analyst, that has followed Apple since 1981, is why Apple is so successful? And another question I often get is, why Apple’s competitors can’t make any... more ››
May 14, 2012
How Samsung and Apple Are Killing Intel
Jean-Louis Gassee, Monday Note
Fascinating doesn’t do justice to the spectacle, nor to the stakes. Taken in pairs, these giants exchange fluids – products and billion$ – while fiercely fighting with their other half. Each company is the World’s... more ››