What are the chances of APPLE Company going bankrupt if there was a deep recession?
Would you say Apple will never close down? but tens years ago we would never has imagined todays failure of giant companies, so what you think? on a scale of one to ten, ten being most likely.
Asked By: mrchitrade - 12/29/2008
Best Answer - Chosen by Asker
This is how I see it... More
Answered By: NextMove - 12/29/2008
Additional Answers (8)
2 out of 10. Apple have said that sales for their products have decreased and have had to cut back, less staff for example. However, this Christmas was an excellent Christmas, in terms of ipod touch's sales. Millions were sold. So it's not very likely but Steve Jobs could soon resign as head of Apple so who knows... More
Answered By: James B - 12/29/2008
Calm down, apple will nvr go bankrupt coz their products will always be bought, and it depends, if they rak up huge amount of debts, then ye it is possible lik eWoolworrths
Answered By: Ultim8Vipa - 12/29/2008
1... Apple is the # 1 selling Ipod, phone, almost #1 laptop. They are not going anywhere.
Answered By: marneeh56 - 12/29/2008
0 because the U S government would surely bail them out too
Answered By: Proud Mary - 12/29/2008
1. They have really got a great business..
Answered By: Ed Atun - 12/29/2008
hmmm probably a 5 depends on how much debt they have. Have they been playing fast and loose------- over paying their executives--------- providing exorbitant bonuses ---------- Do they have their own jet ? I don't know but would not be surprised as a lot of companies have been caught out in these hard times that are... More
Answered By: njss - 12/29/2008
There is not too great a chance. They have about 34 billion in cash and cash equivelents, no debt. The giant companies you are referring to are so poorly managed that they actually deserved to fail. It is actually a crime that the government is using our money to save their sorry asses.
Answered By: muncie birder - 12/29/2008
I agree with Muncie. They have very high cash and little debt so their chance of bankruptcy is near zero. They still have good, high, positive cash flow. They could certainly make mistakes and the company's fortunes, profitability, could definitely change but outright failure from this recession is very unlikely.
Answered By: Thor - 12/29/2008
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