Apple is Canceling Products, Services, Even Lays Off Staff in Large Numbers Every Few Months
A few hours ago in IRC we discussed the utter failure of Apple's partnership with Goldman Sachs, people struggling to keep up appearances by buying overpriced goods, and Apple cancelling some more things (yes, it has, but the media hardly spoke about it).
Only weeks ago we posted a few articles about the CFO (financial chief) stepping down, the mass layoffs, and the massive debt (it grew tenfold in a decade), which still by far exceeds the amount of money Apple can raise in a few months if it needs to (e.g. to pay back the debt). This problem isn't limited to Apple; IBM and Microsoft have a similar problem and IBM is already trying to claw back the pensions while hiding its real money problems using real estate as a status symbol/vanity asset.
A lot of those giant 'tech' companies are sort of on the edge, but they try to maintain the illusion of unshakable stability. Companies that are truly stable don't resort to mass layoffs, which they later try to spin as "growth" (what a ludicrous statement!). █