Apple: Consumer spending "deteriorated," "depressed" worldwide
There's been plenty of unfair criticism of the reporting on Apple CEO Steve Jobs's health. Here's an entirely fair one: Why are we talking about his health instead of the economy's? Apple CFO Peter Oppenheimer skipped over the topic in a recent conference call: "We’re going to leave economic commentary to others," he told an analyst. But in its most recent 10-Q filing with the SEC, Apple had plenty of economic commentary, the Footnoted blog observes. For the first time since 2003, Apple used the word "depressed" to describe levels of consumer spending and said they had "deteroriated" in many countries, including the U.S. On the bright side, Apple is no longer worried about "war, terrorism, geopolitical uncertainties" — and, yes, "public health issues." At least Apple is consistent: If we ought not worry about Jobs's health, we ought not worry about anyone's. (Photo by Nickomargolies)