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Jul 29, 2011

Apple Now Has More Cash Than the U.S. Government

Apple reported last week that it had $76 billion in cash, that might be enough to buy Goldman Sachs or Facebook. Today, Steve Jobs' reserves match up with the world's largest sovereign entity.

That's right. Apple is currently more liquid than the U.S. government:

As Republicans and Democrats continue to work towards a compromise to the country's debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.

Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June.
 
 

15 comments:

GMSoccerPicks said...

Oh wow, thats big hahaha i dont know what to say

Dilord said...

This IS a big issue ya know. Who do you think is at fault?

SoreLosersGaming said...

Why does that not at all surprise me?!?

BigOryx said...

lol if they keep going like that soon even I will have more cash than the U.S Government... :-p

Bill Righteous said...

Dangg, reminds of resident evil like all the big corporations are going to start taking over like umbrella. lmao.

Natural One said...

It's sad and at the same time amazing.

Mark said...

How about that, everyone was wrong, it was Apple that wanted to take over the world.

psychpost said...

i lol'd

FabFawk said...

I'm surprised, but not amazed..
What will they do with the money anyway?

Zombie said...

Well that doesnt surprise me one bit! lol.

Arrpii said...

Thats crazy, haha

Dylanthulhu said...

It's a sad day when a pathetic company that produces mockeries of proper technology has more money than the government.

Mauro Scattolini said...

Apple is going to buy the US :)

FishSama said...

Our Proto-cyberpunk society seems to be going into cyberpunk society pretty soon sadly...

bornoutofbinary.blogspot.com

NameBrands said...

go apple