How would a U.S. default impact tech companies?
For one, they may pull back on IT spending. Consumers might also pull back on discretionary spending.
However, cash-loaded companies, like Apple Inc., might not feel the same effects. In fact, Apple might be sitting in the catbird seat by being able to use its huge cash pile effectively for components and, perhaps, M&A.
Shira Ovide reports for WSJ.com’s digits (4:09):