Saturday, July 30, 2011

Apple Cash is $2 Billion Bigger than US Government Cash

Apple has now more money than the U.S. Treasury!

As the government struggled to reach an agreement on raising the debt ceiling, the U.S. Treasury’s cash balance fell to around $74 billion this week. That’s less than the $76 billion that the computer company now has in cash.

It’s just another feat for Apple, the world’s sensational tech company, surpassing the fiscal strength of the world’s most powerful nation.

Its Macs, iPhones and iPads are still the best-selling gadgets worldwide as its has surged past $400 a share. Not to mention that Apple just became the world’s largest smartphone vendor by volume.

With Apple’s piles of cash, no wonder if they decide to buy Facebook or other high-profile tech companies in the future.

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