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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.
 
 

14 comments:

  1. GMSoccerPicksJuly 29, 2011 at 12:22 PM

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

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  2. DilordJuly 29, 2011 at 12:41 PM

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

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  3. SoreLosersGamingJuly 29, 2011 at 12:48 PM

    Why does that not at all surprise me?!?

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  4. BigOryxJuly 29, 2011 at 1:34 PM

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

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  5. Bill RighteousJuly 29, 2011 at 1:58 PM

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

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  6. MarkJuly 29, 2011 at 2:10 PM

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

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  7. psychpostJuly 29, 2011 at 2:54 PM

    i lol'd

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  8. FabFawkJuly 29, 2011 at 3:03 PM

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

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  9. ZombieJuly 29, 2011 at 3:54 PM

    Well that doesnt surprise me one bit! lol.

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  10. ArrpiiJuly 29, 2011 at 4:33 PM

    Thats crazy, haha

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  11. DylanthulhuJuly 29, 2011 at 6:41 PM

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

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  12. Mauro ScattoliniJuly 30, 2011 at 2:35 AM

    Apple is going to buy the US :)

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  13. FishSamaJuly 30, 2011 at 7:44 AM

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

    bornoutofbinary.blogspot.com

    ReplyDelete
  14. AnonymousAugust 1, 2011 at 5:31 PM

    go apple

    ReplyDelete