Apple Has More Cash Than the U.S Government

(L)

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Nov 7, 2010
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#1
Apple Has More Cash Than the U.S. Government
Now this is what we call capitalism.
July 29, 2011
by Justin Rubio
Reaching milestones and breaking records are nothing new for Apple, but its latest achievement is a whole different ball game. Based on its June quarterly earnings report, Steve Jobs and company reported having more cash than the United States government.

As it is, the U.S. Treasury Department stated that they have an operating balance of $73.768 billion. In contrast, Apple reported cash reserves of $75.876 billion.

Now if only we can convince Jobs to lower the price of the iPad.

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Bennyboy

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#2
By the time they pay their debt, I have more money than the US government!
 
Aug 31, 2010
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#4
By the time they pay their debt, I have more money than the US government!
The US Government should just absorb my debt too. It would be pocket change for them, and a charitable deed as well! :p
 

Bennyboy

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#6
Feel free to spread the wealth my way brother :D

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Scott AKA RoofMonkey
Oh hell NO! you just sold me to the Romans for thirty silver on the other thread hahaha I forgive but I don't forget :D
 

Rugaby

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Feb 18, 2011
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#7
I don't see this as a milestone. I highly doubt steve jobs does either. Kinda sad really.
Imo
 

Bennyboy

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#8
if you remember where this phones are made, yes, very sad.
 

chazm

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#9
It brings plenty of Jobs here in the US to, so let's not get all sobby
 

iagainsti

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Aug 25, 2011
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#10
I read this, too. Well, the Government is no bank and no company, so of course it does not have to be the richest of them all.
 

iagainsti

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Aug 25, 2011
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#12
Interesting, thank you. I didn't know TechDirt yet.