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According to the latest figures from the U.S. Treasury Department the United States has a total operating cash balance of $73.768 billion compared to Apple's cash horde of $75.876 billion....
07-29-2011, 08:33 AM #1
Apple Has More Cash Reserves Than The US Government Does Operating Expenses
According to the latest figures from the U.S. Treasury Department the United States has a total operating cash balance of $73.768 billion compared to Apple's cash horde of $75.876 billion.
I'm no economist, but that seems a little ridiculous.
The number $73.768 billion in question refers to the amount of money our government has before reaching the arbitrary debt ceiling both sides of congress have been so vehemently arguing about.
While the House and Senate bicker over the debt ceiling and hold the future of our country hostage, Apple keeps raking in the cashola. Apple shares closed above $400 for the first time earlier this week propelled by another amazing quarterly report. Only 6 years ago in 2005 Apple's cash horde stood at a measly $9 billion. At the end of 2010 it was $60 billion, and as of June 25, 2011 Apple's stockpile of Benjamins equaled nearly $76 billion.
Unfortunately for shareholders Apple isn't planning on giving out dividends any time soon, but they also aren't making stupid acquisitions either.
We don't let the cash burn a hole in the pocket or make stupid acquisitions last year. We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future. - Steve Jobs
Last edited by Phillip Swanson; 07-29-2011 at 08:38 AM.
07-29-2011, 09:12 AM #2
"a measly $9 billion..." that made me lol.
07-29-2011, 09:14 AM #3
the whole world dominance thing is becoming more of a reality then a joke
07-29-2011, 09:17 AM #4
now that is just re-damn-diculous!!!!
07-29-2011, 09:21 AM #5
07-29-2011, 09:27 AM #6
I'd be lucky enough to have 1 million dollars
07-29-2011, 09:35 AM #7
a result of worship of a name brand? another step towards receiving 'the mark'
07-29-2011, 10:16 AM #8
Running one business vs running the entire country. Big difference. There is only ONE thing I am gaining out of this article........how poorly run our government is and how much of an epic disaster is looming in the months and years to follow.
And it's inevitable that if something isn't done then it will eventually affect numerous successful business.....including Apple. Wait for it.
07-29-2011, 11:04 AM #9
07-29-2011, 11:23 AM #10
I'm not eally sure why the writer considers this "ridiculous". It's called capitalism and free enterprise. Look it up.
The federal government produces no product nor any billable service. They just tax the hell out of us and piss it all way. It's hard to have reserves in the coffers at the rate they throw it away at worthless crap.
07-29-2011, 11:44 AM #11
lets get steve on the $580 bill!
07-29-2011, 12:39 PM #12
this is a sign that apple will soon overthrow the government and take over the usa, and then, the world!!!
07-29-2011, 01:42 PM #13
I wish I had a miniature elephant that fit in the palm of my hand. I would pick him up and he'd lift up his trunk and stand on his back legs and say PRRRRRRRRRRRRMMMMMMMMMPPPPPPPPPHHHHHHHH and I would say yes little elephant i love you too.
07-29-2011, 02:38 PM #14
07-29-2011, 04:13 PM #15
..oVER 9 THOUSAND?
07-29-2011, 06:42 PM #16