Jul 30 2011Apple has more cash than the US government
Apple has just released its financials statements for the June quarter.
The company has $76.2 billion dollars in cash
The US treasury updates its financials daily. The government has an operating cash balance of $73.8 billion
You, astute reader, will note that Apple has more cash than the US government.
As Business Insider points out, this is because Apple collects more money than it spends, while the US government does not.
Bugger. Should have bought a house at Wategoes and shares in Apple years ago.