Daily Archives: July 29, 2011

Apple Inc. Now Surpasses U.S.Government In Cash Reserves

Apple Inc. Wealthier Than U.S. Government

Apple Inc. Wealthier Than U.S. Government

Where am I? What year is this? What planet am I on? Or more important, how did Apple surpass the richest country in the world in terms of wealthy profit margins?

According to the U.S. Treasury’s own daily statement, Apple has more cash and marketable securities on hand than the federal government does.

At the end of June, the IPad and Mac maker had $76.2 billion on hand, while the government currently has $73.8 billion in operating cash balance. Read the rest of this entry

%d bloggers like this: