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. (Read more Apple stories.)

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