Apple Products
Apple Products by Jordan Blaser
Apple products are one of the most well known products around and people are willing to do anything to get the latest phone or other product. With apple being so popular, the company makes a huge amount of money daily. According to Apple and the American Economy, “Here we have a company that's been phenomenally successful, making products people love and directly creating nearly 50,000 American jobs.” The products and jobs created have boosted America’s economy greatly. Giving 50,000 people jobs improves the unemployment rate which is directly correlated with America’s economy.
Technology is something that is always changing and as Apple creates new and improved products, people are willing to pay anything for the latest device. Apple is one of the leading companies in the World and the money it bring into the economy is extremely large. According to CNN Money, “Apple has more than $76 billion in cash and marketable securities on its balance sheet.” 
Clearly from this graph we can see Apples income only increased greatly over the year but, even though Apple brings in a lot of money sooner or later the economy is going to rely on it. Unfortunately, one mistake, not only will the company suffer but the economy will decline. Depending on huge companies like Apple is a risk worth taking but extremely dangerous. According to Apple’s Effect On the Economy, “Apple may be a big source where the economy gets some extra money from, but if everyone becomes dependent, it could be a long term loss if they company starts going bad. Some types of dependence is good too, Apple makes a lot of money, and the logical step would be to support Apple and rely on it to make the economy better, because it can help with the number of consumers it has.” In the end, the economy depending on this company can be dangerous even when there are numerous positive aspects as well.
Without Apple, the economy would still be slowly recovering from the recession. Not only would the economy be in a different place but also the employment rate and the world of technology. All these aspects affect our countries economy in many different ways. According to Why America Needs Apple, “In the fourth quarter Apple gave the S&P 500 a significant boost: S&P 500 companies grew at about 6% year over year. If you take Apple out of that equation, the growth would drop to 3%.” Without this company, the growth of America would be much slower.
Relying on Apple Inc. to improve the economy is a great risk. Putting pressure on the company to continue to create new and improved technology that people will buy is a risk worth taking. In the end, America would not be where it is today without Apple.
Works Cited
"Apple and the American economy." The Economist. The Economist Newspaper, 23 Jan. 2012. Web. 3 Mar. 2014. <http://www.economist.com/blogs/freeexchange/2012/01/supply-chains>.
Bajarin, Ben. "Why America Needs Apple." Time. Time, n.d. Web. 3 Mar. 2014. <http://techland.time.com/2012/04/02/why-america-needs-apple/>.
Monica, Paul. "Apple has $76 BILLION in cash. Still no dividend?-- The Buzz." CNNMoney. Cable News Network, 15 Sept. 2011. Web. 3 Mar. 2014. <http://money.cnn.com/2011/09/15/technology/thebuzz/>.
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