Sunday, July 31, 2011

Steve Jobs liquid as Uncle Sam: Apple richer than U.S. government

The U.S. newspaper reports that Apple currently has more money than the government of the United States of America. While Republicans and Democrats are embroiled in conflicts that manages its land to the state bankruptcy: should the two governing parties can not agree by then to an increase in the debt ceiling.

On Thursday, the U.S. Treasury announced that the country was still 73.8 billion U.S. dollars available has been reached, until the bankruptcy. has according to its cash reserves over the amount of 75.9 billion U.S. dollars: That would be two billion more. Actually, these numbers are obviously not directly comparable because they quantify different issues.

The number of U.S. government has the financial flexibility that remains before a more or less arbitrarily posited debt limit is reached. Apples billion quantify the amount of cash reserves and available on the company balance sheet. Nevertheless, from a comparison of how powerful the California company since the iPhone launch has become 2007: Apple shares are first time over 400 U.S. dollars - and with 363.3 billion U.S. dollars market value of the company is the second largest of the planets after.

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