Collecting More Than They Spend
MacNN: Apple has more cash on hand than the U.S. government
As pointed out by several publications, as of yesterday Apple — the world’s most valuable technology company — has more cash and marketable securities on hand than the federal government does, according to the U.S. Treasury’s own daily statement. At the end of June, the iPad and Mac maker had $76.2 billion on hand, while the government currently has $73.8 billion in operating cash balance.
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