Apple has a ton of cash on hand. In fact, its latest financial results revealed that the tech company has a whopping $76.2 billion of the cold hard stuff sitting wherever that much money is stored. As we previously wrote, that means that if Apple wanted to, it could give $247 to each man, woman and child in the US. Now as members of the US House and the US Senate debate on whether or not to raise the country’s debt ceiling in order to avoid a default, the US government has revealed it now has less cash on hand than Apple , neowin report.
According to The Atlantic, the US Treasury has announced that as of Thursday it has a cash balance of just $73.768 billion. While the article does admit the two numbers can’t really be directly compared, it does show just how much money Apple does have to do, well, pretty much anything it wants. Indeed, even in the face of economic armageddon, Apple’s stock continues to go up. Earlier this week Apple’s stock reached and exceeded $400 a share. Its current stock price as of today is around $392.
Upstream component suppliers for non-iPad tablet PCs have been gearing up their preparation of needed parts and components for models to be launched by brand vendors in the third quarter. Shipments of iPads and non-iPad tablet PCs, excluding white-box models, are expected to top 21-22 million units in the third quarter, compared to 13.5-14.5 millions shipped in the second, according to industry source, digitimes reports .
The biggest vendor apart from Apple will be a new company to enter the tablet scene: Amazon. The online retailer giant supposedly has the most positive orders, with demand for touch panels likely to reach 2 million units for the August-September period, and shipments of tablet PCs to Amazon expected to reach 1 million to 1.2 million units (a conservative estimate). Still, this is nothing compared to Apple, which is expected to receive 14 million to 15 million iPads from Foxconn in the third quarter.
The Kindle is the best-selling product on Amazon, and the company likely wants to keep pushing forward with it, but sporting a further reduced price tag
Apple has announced that their iOS App Store has reached a total of 15 billion downloads. The highly popular software and content delivery ecosystem opened on July 18, 2008 and, according to Apple, took nine months to reach its first billion downloads.
Since then, things have accelerated. Last month at Apple’s World Wide Developer’s Conference, Jobs announced that the App Store had achieved 14 billion downloads. That means one billion downloads were reached in just a month’s time. This makes the App Store the single most successful mobile software distribution environment to date.
It’s clear that others have a lot of work to do if they want to catch up to these numbers. Android is the closest, but if the App Store’s popularity keeps accelerating it may take years for Google to overtake Jobs & Co.
The new iPhone will be similar to the current iPhone 4, but thinner and lighter with an improved 8MP camera, and will be powered by Qualcomm’s wireless chips. Furthermore, Cupertino has supposedly set itself a ridiculous high goal when it comes to sales of the iPhone 4’s successor, techspot says .
“It told us to prepare to help the company meet its goal of 25 million units by the end of the year. The initial production volume will be a few million units.” Apple’s suppliers say.
Apple has been giving some developers access to a device known as the iPhone 4S — an iPhone 4 with upgraded internals. Some argue that’s not the next iPhone
Apple may look to introduce an ‘iPad 2 Plus’ device as they put out request for quotes from various component suppliers for this marginally different device
Maybe this is why Apple doesn’t want to call the device “iPad 3.” The company may be looking to limit the backlash it will get for making the iPad 2 obsolete so quickly. Regardless of the name though, many people will likely quickly pick it up, just because it’s new. It makes great business sense to release a new iPad in time for the holiday season, techspot report.
This isn’t the first time that Apple has given an odd name to a successor. The first iPhone was released on June 29, 2007. Instead of releasing the iPhone 2, Apple introduced the iPhone 3G on June 9, 2008. Next, the iPhone 3GS was announced on June 8, 2009 and arrived on June 19, 2009.