Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.
According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion in 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.
(The Atlantic and CNBC both pointed this out earlier.)
Please follow SAI on Twitter and Facebook.
Join the conversation about this story »
See Also:
- HTC Is Sick Of Its Patent War With Apple, Wants To Negotiate A Truce
- iPads Have Outsold Android Tablets 24 To 1
- Apple's New Grand Central Terminal Store Looks Stunning
Apple Has More Cash On Hand Than The U.S. Government (AAPL)
No comments:
Post a Comment