Apple has more cash than the U.S. federal government

[KingOFHearts 19]

The software company Apple has more cash on hand than the United States federal government, according to the company's financial records.

 

Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.

 

So what do you think? Will the U.S. catch up?

 

(News: news.yahoo.com.)

[Icarus 161]

I didnt see that coming

[Vanitas 127]

I saw that on yahoo a few minutes ago. Its sad really.

[Keyblade King 12 486]

I find this pretty interesting for whatever reason. I can just imagine America begging Apple for a loan, especially since they've got bills to pay this week.

[Junko 2,815]

Woah, that's a shocker!

I find this pretty interesting for whatever reason. I can just imagine America begging Apple for a loan, especially since they've got bills to pay this week.

 

who knows, maybe they will. Yay apple!

[Oishii 3,987]

So Americans spend more money on Apple products than they are taxed? Good news to me. Although, there is the international consumers...

[Amon 4,279]

That's how it's supposed to be. More power to the people.

[baylaust 2,531]

So Apple is one step closer to taking over the world. Awesome. I keep warning people, and they never listen.

[Weedanort 8,786]

Apple's gonna take over the world!

[sephyfan98 8]

AAAHHHHHH!!!!!! This is not happening! Cause I had this dream that Apple or some random big corporate company would take over all of the world's goverments and effectly rule the world........a la Shin-Ra.