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Friday: July 29, 2011

Apple has more cash on hand than the United States government.Apple has more cash on hand than the United States government.

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.

 

Posted to Weekdaily filed in Apple @ 2:58 PM | Tags (8) | apple | billions | cash | ceiling | debt | government | tech | united states |  | Discuss (0) |  | facebook | twitter | 8 Clicks | Posted by Vin


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