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Apple now has more cash than the U.S. government
Friday, July 29, 2011 7:46 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote: Maybe the cash-strapped U.S. government should start selling iPads. According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around. Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends. http://www.cnn.com/2011/TECH/innovation/07/29/apple.cash.government/index.html?hpt=hp_t2
Friday, July 29, 2011 11:23 AM
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