Apple Has the Beat

In spite of the recession, Apple has pulled through with an increase in sales of iPhones. This computer and music company has not had much trouble leading sales of computers and phones and provides tough competition for the rest.

Apple's shares, which have nearly doubled over the past year, rose 6.1% to $201.50 in late trading, after closing up about 1% at $189.86 on the Nasdaq Stock Market.

This large income of cash can help stimulate the economy because Apple will need to buy supplies to make their products and hire more people to invent better things to sell. Although this sales increase shows just how materialistic Americans, and any other country for that matter, are. Still, one of the biggest problems in the U.S. is the failing economy, so, for now, Americans should work on help recover the economy.