Tuesday, 2 July 2013

Apple currently has more money than the U.S. government!

According to the most recent financial statement from the U.S. Treasury, the United States has an operating cash balance of $73.8 billion. Remarkably, our government has nearly $3 billion less in usable cash than one of the most powerful tech companies in the world! Apple currently has cash reserves of $76.2 billion, according to their last earnings report. This just goes to show how rabidly popular Apple have become in the past decade, with products such as the iPod hitting shelves ten years ago and the iPhone making its debut back in 2007. Perhaps in the future Uncle Sam ought to focus less on creating jobs and more on creating guys like Jobs.