Business
Apple Rich Enough to Pay Everyone $556
Apple CEO Tim Cook (AP Photo)
(USA Today) – Apple’s printing money hand over fist. You knew that. What you may not know is that Apple has so much dough, it could afford to pay every man, woman and child in the U.S. $556. Each.
Selling high-priced hardware – over and over again – is creating a wealth-making machine like the world has never seen. Apple has now amassed a record pile of cash and investments of nearly $178 billion. That’s enough to give every American $556, a fact pointed out by Howard Silverblatt of S&P Dow Jones Indices.
This massive pile of wealth is generated by the company’s ability to get consumers to line up every two years to sign up for costly contracts for high-priced phones. This business model, which keeps the total cost of the hardware itself largely masked to consumers, helped Apple report a bigger profit than the world has even seen in the fourth quarter of $18 billion.
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Oakland Post: Week of November 20 – 26, 2024
The printed Weekly Edition of the Oakland Post: Week of November 20 – 26, 2024
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Oakland Post: Week of November 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024
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LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST
Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?
Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.
STREAMED LIVE!
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Oakland Post: Week of November 20 – 26, 2024
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