Apple announced its second quarter earning on Tuesday
From the results, Apple announced that the company has $261b in cash which they are not using at the moment.
If you don't understand this, let me break it down.
Apple has $261 billion in cash and the money is in their savings account.
Nigeria has a population of 200 million people and it has only 30 billion dollars in its foreign reserve.
What this means is that Apple has more than 770 percent of our GDP sitting quietly in their savings account.
Apple can as well buy other 199 countries outside Nigeria.
Put differently, Apple can buy other tech majors like Uber, Tesla, Netflix, Airbnb and Twitter, “…and still have $29 billion left”
Apple made this money from selling iPad, iPhone and apps, not from crude oil or gold.
It is also instructive to point out that Apple made $45.4 billion in the June quarter from sales of 3 months, money we won't make in 12 months from selling crude oil, Apple made in 3 months.
Hope somebody is paying attention?
When I tell Ppl to key into the connected economy, they be like we hv hrd it b4 jareh, go Sidon!!! Ya own don too much sef!
After the race, we will measure the mile.
This is incredible!
#Createyourfuture#
From the results, Apple announced that the company has $261b in cash which they are not using at the moment.
If you don't understand this, let me break it down.
Apple has $261 billion in cash and the money is in their savings account.
Nigeria has a population of 200 million people and it has only 30 billion dollars in its foreign reserve.
What this means is that Apple has more than 770 percent of our GDP sitting quietly in their savings account.
Apple can as well buy other 199 countries outside Nigeria.
Put differently, Apple can buy other tech majors like Uber, Tesla, Netflix, Airbnb and Twitter, “…and still have $29 billion left”
Apple made this money from selling iPad, iPhone and apps, not from crude oil or gold.
It is also instructive to point out that Apple made $45.4 billion in the June quarter from sales of 3 months, money we won't make in 12 months from selling crude oil, Apple made in 3 months.
Hope somebody is paying attention?
When I tell Ppl to key into the connected economy, they be like we hv hrd it b4 jareh, go Sidon!!! Ya own don too much sef!
After the race, we will measure the mile.
This is incredible!
#Createyourfuture#
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