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More Money to R&D for Apple |
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Thursday, 06 March 2008 |
 In the Steve Jobs interview with Fortune a question was asked about the economy and Apple. Steve gave a great response, here's his quote from Fortune magazine interview.
"We've had one of these before, when the dot-com bubble burst. What I
told our company was that we were just going to invest our way through
the downturn, that we weren't going to lay off people, that we'd taken
a tremendous amount of effort to get them into Apple in the first place
-- the last thing we were going to do is lay them off. And we were
going to keep funding. In fact we were going to up our R&D budget
so that we would be ahead of our competitors when the downturn was
over. And that's exactly what we did. And it worked. And that's exactly
what we'll do this time."
Looks like inovation will win again. Buy the stock now as it is still low.
Complete Interview Here
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