Posts Tagged ‘finance’
Posted by Renee Schmidt

Source: CNN

The U.S. Treasury reported on Wednesday that it has an operating cash balance of $73.8 billion.  On the other hand, Apple (AAPL), the largest technology conglomerate in the world, has $76.2 billion in cash and marketable securities as of the end of the 2nd quarter.

The difference here is pretty clear to me: unlike the Unites States Treasury, Apple makes more money than it spends.

Sounds to me like the U.S. government ought to start selling iPads. 

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