View RSS Feed

IMC News

The Week of The Apple?

Rate this Entry
This week Apple has made the news several times, so we thought for the News we would start a Friday tradition of featuring a story of the week. This really seems to be Apple's week.

A report earlier this week revealing that IOS 5 - the next version of the Smartphone/Tablet software will have facial recognition capabilities. Although unclear exactly what the capabilities will be, [URL=""]Mashabl[/URL]e states: "Apple plans to open it up to developers via several API controls, including a call for recognizing the position of the person’s eyes and mouth. This means that in the future we’ll be seeing iOS apps utilizing face detection from third-party developers and possibly from Apple itself."

Yesterday, Nielsen reported that Apple is the top smartphone vendor in the US, with[URL=""] 28% of the US Market[/URL], even though Android's operating system is winning that numbers game. Another [URL=""]BGR report[/URL] today showed that Apple's iPhone sales accounted for 66% of smartphone vendor profits for the 2nd Quarter. [URL=""]Mediapost[/URL] also featured an article about Apple being the #1 Smartphone vendor.

Now today, most media publications are featuring articles that Apple, Inc. has more cash than the US Government. Another boost for Apple and another kick in the pants to the US Government, which is obviously struggling with the debt issue and now a cash flow problem to add into the mix.

A quote form [URL=""]BusinessInsider[/URL] sums it up:

"According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple's last earnings report ([URL=""]PDF here[/URL]) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world's largest tech company has more cash than the world's largest sovereign government.
That's because Apple collects more money than it spends, while the U.S. government does not."

Read more: [URL=""][/URL]

TheNextWeb: [URL=""]Apple Now Has More Cash Than the US Govt.[/URL]

BBCAmerica: [URL=""]Apple Now Holding More Cash Than The USA[/URL]

For a charted recap of Apple's dominance, see this Mashable article: [URL=""][/URL]

Submit "The Week of The Apple?" to Digg Submit "The Week of The Apple?" to Submit "The Week of The Apple?" to StumbleUpon Submit "The Week of The Apple?" to Google