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Apple has more cash than the US Government

Written By: Gary on July 30, 2011 No Comment

According to CNN, Apple now has more cash on hand than the United State government. Wow!!!

“the government had an operating cash balance Wednesday of $73.8 billion.

Tech juggernaut Apple had a whopping $76.2 billion in cash…”

Apple Confidential 2.0: The Definitive History of the World's Most Colorful Company Owen Linzmayer, Owen W. Linzmayer The thing to keep in mind is: isn’t most of the ca$h the government has already allocated for something? This money that Apple has isn’t even allocated to do anything (to our knowledge). Their stock has hit it’s highest numbers ever and they’re likely to release a new iPhone in a month or two when they usually release new iPods and new iPod touches.

The was a rumor the other day they might buy Barnes and Nobel for $1.5 billion, that’s pocket change when they’ve got $75 billion(!) in the bank. Imagine how cheap they could have got Borders if they had wanted it.

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