Apple now has more cash than the US government

Blockhead · Jul 29, 2011

http://www.businessinsider.com/appl...d-than-the-us-government-2011-7#ixzz1TScaoMOx

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple's last earnings report showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world's largest tech company has more cash than the world's largest sovereign government.
That's because Apple collects more money than it spends, while the U.S. government does not.
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Apple now has more cash than the US government

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Apple now has more cash than the US government

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