Technology: Apple has more cash than US govt
USA has an operating cash balance of $73.7 billion. Apple’s most recent financial results put its reserves at...
WASHINGTON:
Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7 billion(£45.3 billion). Apple’s most recent financial results put its reserves at $76.4bn. The US House of Representatives is due to vote on a bill to raise the country’s debt ceiling, allowing it to borrow more money to cover spending commitments. If it fails to extend the current limit of $14.3 trillion dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating. The United States is currently spending around $200 billion more than it collects in revenue every month. Apple, on the other hand, is making money hand over fist, according to its financial results. In the three months ending 25 June, net income was 125% higher than a year earlier at $7.31 billion.
Published in The Express Tribune, July 31st, 2011.
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then what about microsoft and google? They must be having more money than apple.
Apple is not fighting against "so called Terrorism"... i think this is the last chance for US establishment to concerntrate on their own issues and economy, before its too late. stop fighting in diffrent regions of the world, i am sure still people of USA has potential to cover these losses and shine again. War itself is a problem, it wont resolve any problem.
It is a technology age, and this is the return of the hard work and enthusiasm which Steve Jobs and his team has done.