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> They're actually profitable – not enormously so but the situation doesn't warrant the hyperbole

That's true today. From what I understand, their long-term survival is at stake.

> it also seems somewhat overblown to make it sound like they're putting the entire team on a small side-project.

If someone said that, I would agree with you.




>> their long-term survival is at stake.

Worth noting that if you listen to the business press, Apple's long-term survival is at stake. (Current liquid assets >$200B.)

So I wouldn't close the book on the Times just yet, on the basis of rumors and analysis by the business press.


I'm basing it on published information, going back years, about layoffs, other cuts, and significant decreases in revenue.




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