Tuesday, October 8, 2013

Comparing Apple with...

When speaking about the shutdown, President Obama said:  "Apple rolled out a new mobile operating system, and within days, they found a glitch, so they fixed it. I don’t remember anybody suggesting Apple should stop selling iPhones or iPads or threatening to shut down the company if they didn’t. That’s not how we do things in America. We don’t actively root for failure. We get to work, we make things happen, we make them better, we keep going. He is of course referring to the release of iOS 7.0.2 last week, which brought fixes for a lock screen passcode bypass flaw and other small issues."

Apple's market value hit $623.5 billion a few months ago.
Apple's surging share price makes it nominally the most valuable company of all time, surpassing rival tech firm Microsoft's $616.3-billion valuation in the late 1990s.

The United States is in $17 trillion debt and growing.

The U.S. is in shutdown mode mainly because of the national debt. They can print more money and fund the government and keep growing the debt.  Obamacare is much more than a "glitch." We, as the shareholders, the citizens of this country, don't see the economy growing.

Which is more healthy? Apple makes things that people want to buy and grows its share price. The U.S. government grows government, grows debt and forces the citizens to buy a product millions don't want. Obamacare ain't no I-phone.

2 comments:

Laurel Decker said...

Steve Jobs got rich by capitalizing on technology that was incubated, innovated, and developed using YOUR tax dollars. Now Apple plays the transfer pricing shell game in order to avoid paying its fair share of taxes. Yes, he did not build that.

Lynn Anderson said...

Steve Jobs got rich by working hard and long days, innovation and having a better idea than his competition. The federal govt invested in many companies because of their security technology. They invested $500,000 in Apple in 1976. Big Whoope! I said INVESTED--they did not just hand over one half million bucks. Look at Apple now.

Apple pays $1 out of every $40 of corporate income tax collected by the US Treasury. Isn’t it incredible to think that one company is responsible for 2.5% of all US corporate income tax collection?