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Apple Holding More Cash Than Usa? - Foreign Affairs - Nairaland

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Apple Holding More Cash Than Usa? by femmy2010(m): 6:17pm On Jul 29, 2011
Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple's most recent financial results put its reserves at $76.4bn (£46.9bn).
http://www.bbc.co.uk/news/technology-14340470
Re: Apple Holding More Cash Than Usa? by Nobody: 8:27pm On Jul 29, 2011
A rather large chest.  shocked

Do they pay dividends?
Predictable next step for them is acquisitions.
Re: Apple Holding More Cash Than Usa? by femmy2010(m): 8:54pm On Jul 29, 2011
donspony:

A rather large chest.  shocked


You can say that again.
Re: Apple Holding More Cash Than Usa? by femmy2010(m): 9:08pm On Jul 29, 2011
The United States is currently spending around $200bn more than it collects in revenue every month.
Apple, on the other hand, is making money hand over fist, according to its financial results.
Re: Apple Holding More Cash Than Usa? by MrGlobe(m): 9:52pm On Jul 29, 2011
so Apple have this money in their account? This company its no joke oh. Only in Nigeria do they look like a joke. Here people fall over blackberry when their counterparts overseas are crying for iphone 5. Nigerians are too backwards and lazy with trying to learn and understand tech and move with trends. That is also why Nigerians prefer facebook to twitter. Smh. Apple - una too much although I dont believe this story sha.
Re: Apple Holding More Cash Than Usa? by sizzlers(m): 10:27pm On Jul 29, 2011
More than dangote and adenuga put 2geda
Re: Apple Holding More Cash Than Usa? by ajalaolanr(m): 10:33pm On Jul 29, 2011
More than Nigerias Reserves,I still dey laff ooooo
Re: Apple Holding More Cash Than Usa? by nsiadi: 11:04pm On Jul 29, 2011
Is Sanusi aware , V soon he will think of applenising Naija. When he done wt islamic banking, that is
Re: Apple Holding More Cash Than Usa? by sayso: 11:58pm On Jul 29, 2011
where is apple?
Re: Apple Holding More Cash Than Usa? by hamsky: 12:06am On Jul 30, 2011
It surprises me why the world bank still depends on America's so called "Econmie" (Dollar), why not switch over to Gold as it was before the world war in 1945. This will insure a global economical stability rather than what the dollar has to offer. What I see happening in the nearest future is Countries like China and India becoming the world's power in economy and a country like Nigeria becoming the richest country in africa because of its relaxed policies although struggling in terms of infrastracture due to its poor maintainance culture. Countries in Europe and America will start selling and leasing their lands to other countries as  ways to earn money because they would have nothing else to offer.
Re: Apple Holding More Cash Than Usa? by Upright750: 12:14am On Jul 30, 2011
@sayso  Apple is made in USA from California But their main factory base in Shenzhen city in Guangdong  province southern China. Own by USA company. has to do with cheap of Labour in china.
Re: Apple Holding More Cash Than Usa? by daniellle(f): 12:25am On Jul 30, 2011
Re: Apple Holding More Cash Than Usa? by MrGlobe(m): 12:33am On Jul 30, 2011
lmao, someone said the money is worth more like Dangote and Adenuga. Like seriously? That money will sink the whole Nigeria and Nigerians together with Dangote and Adenuga. Nigeria is not worth that
@hamsky, maybe you have not heard America is the last world power (both economy and warfare). Even if they switch to Gold, they will still dominate it and all this talk about China and India will overtake America cannot happen in our lfetime. First those countries dont speak English to start with so how is it gonna be possible? It might even cause a big war and trust America to team up with their strong puppets to win. So all we pray is for them to find a way to grapple with their issues
Re: Apple Holding More Cash Than Usa? by paris10: 1:27am On Jul 30, 2011
Don't be fooled people. This is just a propaganda to get your sight off the real thing. The US govt is richer than any organisation in the world, let alone the Apple inc. This is the work of the conservative party. They control virtually all the media and owns almost 2/3 of the biggest industries in the world. They want you to go against the present govt in a bid to gain their own confidence.

Becareful what you read. The US is not broke. This is the handiwork of those in the wall street (Conservative). This is typically a corporate crime instigated by the power house and white supremacy. Obama was finished from day one he took the office oath.
Re: Apple Holding More Cash Than Usa? by Kc0022000(m): 2:45am On Jul 30, 2011
sayso:

where is apple?
Open your eyes, look on the trees. grin
Re: Apple Holding More Cash Than Usa? by Kellizle: 3:06am On Jul 30, 2011
The United States Nominal GDP = 14.780 trillion dollars

Goldman Sachs' Total Assets = 911 billion dollars

Citigroup' Total Assets = 1.9 trillion dollars

Apple' Total Assets = 75.18 billion dollars

Microsoft's Total Assets = 86.113 billion dollars

Chevron's Total Assets = 184.8 billion dollars

ExxonMobil's Total Assets = 302.5 billion dollars

AIG's Total Assets = 683.44 billion dollars.

How can any American company be richer than America? *Shrug*
Re: Apple Holding More Cash Than Usa? by puskin: 3:20am On Jul 30, 2011
Operating cash balance and financial results don't mean the same thing. . . . . .the former is a sub-section/unit of the latter.

So be careful what U read how U interpret data.

Re: Apple Holding More Cash Than Usa? by chyket(m): 7:51am On Jul 30, 2011
America currently is in trouble,no nation or individual should be applauded for sustaining a flashy lifestyle with borrowed funds.America currently has amassed so much debt that the present generation of Americans cannot pay off in their lifetime. The current stalemate in America is just about whether the government should be allowed to borrow more or not, that to me doesn't sound like a scenario that should be celebrated.
If America wants to continue to dominate the financial world,they must go back to productive activities and immediately suspend further outsourcing of jobs to China and India.
It is only a nation that produces more than it imports that will make impact in the future.
Re: Apple Holding More Cash Than Usa? by Kellizle: 8:51am On Jul 30, 2011
In that case Pushkin, Apple Inc's Operating Income is just 18 billion dollars.

You need to get your facts correct. Either the writer was naive about financial interpretations, or he was just dead wrong.

Anyway, my advise to you Pushkin, don't just run off with everything an article says. Do a little research. wink
Re: Apple Holding More Cash Than Usa? by lagcity(m): 9:28am On Jul 30, 2011
kai, see as them pour sand for apple gari. the us govt will be gunning for apples's pocket now sad sad.
Re: Apple Holding More Cash Than Usa? by Nobody: 11:53am On Jul 30, 2011
United States style Capitalism is flawed because it is a system built on unsustainable debt.

It's a system designed to keep a few people wealthy by shuffling debt around. Government officials have responded to the debt problem by adding more debt. Unfortunately, piling debt on debt cannot solve the problem. This is what a Ponzi scheme; Las Vegas-like secret casino looks like. To keep the pyramid-like structure from acute economic collapse, more and more money is doled out by those wishing to keep the speculation going.

Meanwhile, inequality is growing at dangerous levels in the United States; And America is indebted to China to the tune of 1.16 TRILLION DOLLARS. In effect, the US is bankrupt.

The West is dying because of this unproductive "Casino economy" Only thing I see "growing" in the next few years is the rise of Fascism and the Far-Right.

FACT: 1. Westerners are tolerating immigration, because they think they are fine off as long as they got money. This entire financial system will collapse. THEN WE WILL SEE A HUGE UPRISING. When whites lose their jobs, and their materialist bubble burst, they will have to see the truth for what it is. They can’t decorate their inauthentic lives with 50 inch flat screen TVs when they lose their job.

2. Then, a charismatic fascist demagogue will emerge, Adolf Hitler style, whose final solution will include caricaturing black and brown immigrants as the source of all economic troubles (this is already happening with Geert Wilders, Pauline Hanson, the BNP, Vlamms Bloek, Tea Party, The Norwegian Mass Murderer,etc, etc, ).

3. Then after that, it will be time for another Holocaust; that Western speciality.
Diaspora people, you have been warned, embarassed embarassed embarassed embarassed
Re: Apple Holding More Cash Than Usa? by manny4life(m): 2:29pm On Jul 30, 2011
Kellizle:

The United States Nominal GDP = 14.780 trillion dollars

Goldman Sachs' Total Assets = 911 billion dollars

Citigroup' Total Assets = 1.9 trillion dollars

Apple' Total Assets = 75.18 billion dollars

Microsoft's Total Assets = 86.113 billion dollars

Chevron's Total Assets = 184.8 billion dollars

ExxonMobil's Total Assets = 302.5 billion dollars

AIG's Total Assets = 683.44 billion dollars.

How can any American company be richer than America? *Shrug*




Mr. you are getting the concept wrong; cash and cash equivalents are assets (which must total Liabilities and Owner Equity). GDP on the other hand is an economic term used to gauge how an economy grows in terms of its component. These are two different terms. U.S. is currently spending more than they earn; that is giving them a negative cash flow hence the debt they are into.
Re: Apple Holding More Cash Than Usa? by Kellizle: 6:49pm On Jul 30, 2011
Mr Manny4Life,

Indicators used in gauging a country's wealth and economic profitability are different from indicators used in gauging a company's wealth. Just like how the formula for deriving the horsepower of cars is different from the formula used in deriving the horsepower of Aircraft.

Read this article to gain a little financial knowledge:

http://techcrunch.com/2011/07/29/apple-has-more-money-than-our-government/
Re: Apple Holding More Cash Than Usa? by manny4life(m): 7:53pm On Jul 30, 2011
Gain financial knowledge? Bro, while I do need to read further to advance knowledge, certainly not what I know. No offense, but I don't need to read this to gain financial knowledge, I studied one bro.


Kellizle:

Mr Manny4Life,

Indicators used in gauging a country's wealth and economic profitability are different from indicators used in gauging a company's wealth. Just like how the formula for deriving the horsepower of cars is different from the formula used in deriving the horsepower of Aircraft.

Read this article to gain a little financial knowledge:

http://techcrunch.com/2011/07/29/apple-has-more-money-than-our-government/


So if you know they are different indicators, why did you mention U.S. GDP as comparable to U.S. companies "Assets"? That was my whole point to you that you got the concept WRONG; comparing GDP to Assets. Besides, NO ONE was saying who was richer or wealthiest; that's another term on its own. Just because you have $80billion in cash at hand for operating activities, doesn't make you wealthy or rich if you liabilities is for instance $70billion (borrowing under financing activities) and that's what's the U.S. is into. They have disposable cash on hand but mostly debt liabilities (Bond and treasury payable), that don't make them richer else U.S. wont be debt. You need to take a closer look at the fed's financial statement. Please brother, I will recommend that you read a lil further to gain that knowledge because you seem a lil confused. Please, I would also advice that you read about concepts on CASH FLOW STATEMENTS and it's components and how it affects the balance sheets.

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