Apple earns as much as Hong Kong. IBM and McDonald’s are insinuating themselves into curriculums. Schools must get wiseIn the time it takes you to read this sentence, Apple will have made enough money to buy the rights to your firstborn child. I may, of course, be miscalculating the market capitalisation of firstborn children; but the fact remains that Apple is making shedloads of cash. On Wednesday the technology giant reported record quarterly revenue of $74.6bn and record profits of $18bn, topping the $16.2bn made by Gazprom in 2011.This string of dollar signs doesn’t just mean that Apple is richer than most companies; it means that it’s richer than most countries. If Apple’s earnings continue apace its annual revenue will be almost $300bn; a figure comparable to the GDP of Israel, Greece, Denmark or Hong Kong. Continue reading...
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