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I’m sure airlines thought the same. As did hotels and restaurants. That’s the point of an emergency fund. It’s for when the unthinkable happens. Croatia for e
by Swizec 6y ago
I’m sure airlines thought the same. As did hotels and restaurants.
That’s the point of an emergency fund. It’s for when the unthinkable happens.
Croatia for example is a country with a GDP of $63bil. 20% of their whole economy is tourism.
This year tourism is down 90%+. Oops
- Alupis 6y agoAirlines, Hotels and Restaurants don't sell services that are necessary for operating the devices they already sold you. Even if Apple sold zero iPhones next year, they would still collect a lot of revenue from all the App Store Sales and iCloud services. It would probably take a decade of zero iOS updates and no new iDevices being released to make Apples revenue decline so dramatically.
- Swizec 6y agoYeah maybe, I don’t know what goes on in Apple’s mind. I’m merely pointing out that emergency funds get ridiculously large when you’re a big corporation. The risk an emergency fund has to guard against is of course offset by your level of diversification of revenue streams. And again, Apple knows better about their situation and risk tolerance than I would.