Apple Is One of the Most Unpatriotic Patriotic Companies

In recent years Apple has pretty much been printing money. They are HUGE. And to look at their decision to close down Apple Care for the July 4th holiday, one might think they are also a truly patriotic company. Think again.

Apple’s cash reserves approached 140 billion at the end of 2012; according to Forbes, “Much has been said about Apple AAPL +0.66%’s ever-expanding cash pile, which grew to $137 billion by the end of last year and currently makes up 9.5% of the total U.S. pie”

So back to being patriotic … Apple Stores are open today, Apple Care is not . That means you can BUY a new Apple device today, but it you have an issue you’ll have to wait. Yes, in observance of the holiday Apple decided to make new sales, but not offer help to those who  have already made their purchases. How patriotic is that??? But it gets even better.

Apple the Most Unpatriotic Patriotic Company

You see, according to Forbes.com Apple holds about 75% of its cash outside the US in order to avoid paying US taxes. So they are patriotic enough to close down support on July 4th, but if you feel like spending money that will leave the United States, head to your local mall or visit Apple.com.

God Bless America … and Apple’s pursuit of the almighty dollar.

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About the Author

Dan Cohen
Having a father who was heavily involved in early laser and fiber-optical research, Dan grew up surrounded by technology and gadgets. Dan’s father brought home one of the very first video games when he was young and Dan remembers seeing a “pre-release” touchtone phone. (When he asked his father what the “#” and “*” buttons were his dad said, “Some day, far in the future, we’ll have some use for them.”) Technology seemed to be in Dan’s blood but at some point he took a different path and ended up in the clergy. His passion for technology and gadgets never left him. Dan is married to Raina Goldberg who is also an avid user of Apple products. They live in New Jersey with their golden doodle Nava.