“If you needed any more proof of the size of Apple’s pudding — and the absurd brand power the tech giant wields upon millions of iFans the world over — chew on this,” Hannah Francis reports for The Sydney Morning Herald.
“At last count, Apple had $US194 billion ($A262 billion) in cash and securities,” Francis reports. “That’s enough to cover the €86 billion ($A128 billion) Greek bailout deal struck overnight twice over — with a cool $6 billion still left over to spend on gyros and ouzo.”
Apple CEO Tim Cook himself is “pledging to give his $1 billion fortune to charity,” Francis reports. “It could buy quite a few Greek islands, but it’s not nearly enough to stop the Greek economy sinking into the Agaean.”
Read more in the full article here.
MacDailyNews Take: Mmm, ouzo.
Apple could make money by bailing out Greece – May 11, 2015
[Thanks to MacDailyNews Reader “Ed” for the heads up.]