Apple’s Cash Pile Tops U.S. Government

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Apple announced during its third quarter earnings conference call earlier this month that it has US$76.4 billion in the bank, which turns out to be more than the U.S. government has with its $73.7 billion. Since Apple’s cash flow is on the rise, and the government’s is dwindling down, that gap will likely continue to increase.

The U.S. government’s cash figures came courtesy of the Treasury Department on Thursday.

Apple: WE HAZ MONEY!Apple’s cash reserve is bigger than the U.S. Government’s

While the government’s cash reserve has continued to dip, Apple’s grew $11.1 billion during its third fiscal quarter, or 131 percent year-over-year. The rise in Apple’s cash reserve comes thanks to the company’s ability to spend less money than it brings in — a key factor in savings that seems to be eluding the U.S. government.

Despite jokes claiming Apple is buying the United States, it looks like the government will have to keep moving forward on its own — although “United States of iMerica” does have a nice ring to it.

[Thanks to The Atlantic for the heads up.]

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Comments

geoduck

United States of iMerica

LOL
I sent this to a friend of mine that hates Apple.
Still waiting for the response.

DamenS

I kind of like “iUSA”

RonMacGuy

LOL. I think Bosco would have to defect!! But is there a country that hates Apple as much as he does? I doubt it…

DrD

Time for a new rumour in the style of recent headlines: ‘Apple said to be in talks to buy the US government: new iTax to solve budget deficit. Apple declined to comment at the current time but’

mhikl

Brilliant! The future is iGovernment. Obama, here?s the answer.

Yes, tax the rich like it was 1950 when governments pulled out of war time budget overspending and shortly paid off the largest war debt in history, built interstate roads, sewers and all the infrastructures of our modern world. Cut military spending, say ?no more? to special interests, demand business people make it on their own, tighten monetary rules, copy the Canadian Banking system, make marijuana legal and tax it hard, hug strange cultures like they?re your brother, say no to tyrants, and this time lighten the tax load on honest working people, citizens that actually work and invest their sweat contributing to the building of this great nation.

Steve, get a newer liver, head the iApplecratic Party and run for iPrez. The games of the Dimocrats, Scumblicans and Teapratters, put asunder and iCreate into the future.

tbone1

Well yeah! Apple makes products and services that people want and need. The federal government? I’ll grant you the need for a military, courts, diplomatic corps, and regulating interstate commerce, but after that, ...

Wealth is made, according to Adam Smith, when assets are moved from low-valued commodities to high-valued commodities. Apple does this; government does the opposite.

Lee Dronick

make marijuana legal and tax it hard

If it is taxed too high then we would still have illegal distribution and sales which brings crime.

Well yeah! Apple makes products and services that people want and need. The federal government? I?ll grant you the need for a military, courts, diplomatic corps, and regulating interstate commerce, but after that

We need a lot of things from Governments other than those. Government is club management, be sure you vote for a good board of directors.

mhikl

If it is taxed too high then we would still have illegal distribution and sales which brings crime.

Taxes, Schmaxes. At least it would be legal and I could toke with my friends in the US.

Ron, go to S3 Patents that Apple Violated Were Ruled Unpatentable and sing with me.

ctopher

We need a lot of things from Governments other than those.

All right, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, the fresh water system and public health, what have the Romans ever done for us?

Lee Dronick

All right, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, the fresh water system and public health, what have the Romans ever done for us?

Well the New Romans gave us Times.

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