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Nairaland Forum / Nairaland / General / Politics / Apple Now Has More Cash Than The U.s. Government (474 Views)
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Apple Now Has More Cash Than The U.s. Government by mikuz(m): 11:08pm On Jul 29, 2011 |
According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around. Tech juggernaut Apple had a whopping $76.2 billion in cashand marketable securities at the end of June, according toits last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends. Source : http://cnnmobile.com/primary/_8b6K97-iIWob5YUUx1 |
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