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Apple's cash reserves are bigger than the US Government's

Andrew Wooden
Apple's cash reserves are bigger than the US Government's

Well, it finally happened. Steve Jobs’ consumer electronic empire Apple now has more money to play with than the US treasury – the world’s biggest economy and lynchpin of the Western financial system. 

According to US Treasury figures released this week, the United States has an operating cash balance of $73.768 billion.

No small change, but that’s $3 billion less than the $76.2 billion Apple has in back pocket, as of June 25 this year.

Whether that’s an indictment of the current state if the US economy – and the political flap it's in over the debt ceiling – or a testament to Apple’s rocket-fuelled success depends on how you look at it.

PCR has the full story.

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Tags: Apple , government , us , money , cash

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