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teapeebubbles

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teapeebubbles

Re: None

Friday, 07/29/2011 12:31:08 AM

Friday, July 29, 2011 12:31:08 AM

Post# of 481697
Apple Has More Cash Than the US Government Does!

http://beforeitsnews.com/story/876/987/Apple_Has_More_Cash_Than_U.S._Government.html

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

#board-2412


"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." - Aristotle

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