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1) Apple's cash assets aren't actually cash or just a bank account. It's accounting speak for liquid assets. Any investments that they could divest fairly quick
by SeoxyS 9y ago
1) Apple's cash assets aren't actually cash or just a bank account. It's accounting speak for liquid assets. Any investments that they could divest fairly quickly and easily and repurpose to finance other capital expenditures. The money isn't sitting around doing nothing; in the meantime it's invested in a safe portfolio which attempts to grow it. Imagine a hedge fund for just one LP.
2) Apple is a mega-company which has a bajillion lines of business and produces hardware. The WebKit team is a tiny tiny tiny sliver of what Apple does and cares about; so its budget is probably a lot closer to Mozilla's.
- jrochkind1 9y ago> The money isn't sitting around doing nothing; in the meantime it's invested in a safe portfolio which attempts to grow it. Imagine a hedge fund for just one LP. Right... how does that make it any different? Apple's not a finance company, or at least they weren't until they wound up with so much cash they had no actual present business needs for. If you're a hardware/software company that has so much extra money (billions) that you become your own 'hedge fund' to have something to do with it... yeah, you've got a lot of extra money. How much extra money? More than 500x the annual budget of Mozilla, yup.