Apple now has more cash than the US Government
RELATIVELY SPEAKING, Apple doesn’t hold that much more money than the US government. The big difference, though, is that Apple seems to spend it more wisely. According to the BBC, while the US government has an operating cash balance of $73.7 billion, Apple’s cash (plus liquid assets) sits at $76.4 billion.
The US government spends $200 billion more than it brings in, every month. On the other hand, Apple’s net income is on the rise, increasing to 125% over the three months ending June 25. But there’s no telling what Apple will be doing with all its money. Daniel Ashdown, an analyst at Juniper Research, says that “Apple keeps its cards close to its chest.”
What are the chances they’ll help bail out the US?