State Of The Apple
WHEN BREAKING RECORDS ISN’T GOOD ENOUGH … Tech giant Apple released its sales data forYou must Subscribe or log in to read the rest of this content.
WHEN BREAKING RECORDS ISN’T GOOD ENOUGH … Tech giant Apple released its sales data forYou must Subscribe or log in to read the rest of this content.
3 comments
Bet Obama wishes 51 mil had bought into Obamacare, if you have a product people want…they will buy.
Does apples still have more cash than the U. S. govt.?
Apple Now Has More Cash Than The U.S. Government
JUL. 28, 2011, 8:14 PM
http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7
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.
That’s because Apple collects more money than it spends, while the U.S. government does not.
Correction: Does Apple still have more cash than the U. S. govt.?
Or, is this even an apples to apples comparison?