Apple's Got More Cash Than the US
At least if you compare the right numbers
By Matt Cantor, Newser User
Posted Jul 29, 2011 11:44 AM CDT
Apple CEO Steve Jobs.   (Getty Images)

(Newser) – It’s official: The people who made your Mac now have more money than your government. As of the end of the day yesterday, the US had a $73.8 billion operating cash balance, Business Insider reports. Apple, meanwhile, had $76.2 billion. The figures aren’t exactly analogous, notes the Financial Post: The US figure shows what it can spend before hitting the self-imposed debt ceiling, whereas Apple’s billions are what’s on the firm’s balance sheet. "Still, the numbers show just how powerful Apple has become since the launch of the iPhone in 2007," writes Matt Hartley.

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Showing 3 of 13 comments
TexasYankee
Jul 30, 2011 8:55 AM CDT
US $$ is in treasury cash. Apple $$ is in stock securities - which have to be sold to attain their value. If there are no buyers, the securities are worthless. Basically it's not an accurate comparison. The US has far more power than Apple.
MisterPlinkett
Jul 30, 2011 5:00 AM CDT
apple should have gone outta business in the 90s thanks to incredibly poor business practices. they shouldn't exist today.
Count-Spatula
Jul 30, 2011 1:38 AM CDT
Just like the oligarchs desire... and believe me they are paying attention.