When it comes to stats related to Apple, they always boggle your mind. Now according to a recent report by FinancialPost, Apple has more cash in its reserves than the US Government’s operating balance. Apple has $76.2 billion in cash as of June 2011 whereas the US Government has a total operating cash balance of $73.768 billion as reported by the U.S. Treasury Department.
As FinancialPost notes that these figures are not directly comparable because “the government’s number represents how much financial headroom it has before bumping up against an arbitrary debt ceiling, while Apple’s cash reserve represents the pile of money the Cupertino, California-based company has available on its balance sheet.” these numbers surely tell us how powerful our beloved fruit company has become.
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