Apple Has More Cash Than the US Government

Might not be hard to believe that Apple has more money in its piggy bank than the United States, considering our Country is about to default. Sadly it is true. The US has about $74 Billion in cash while Apple has $76 Billion.

The Business Insider puts it like this:

“In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.” Read more:

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1. Icahn Pushes Motorola to Turn Patents into Cash
2. Gulf Oil Industry-Government Ties Persist
3. Verizon Wireless to Pay $10B Dividend to Owners
4. Futures Lower After Dreadful Durable Goods Number

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Posted by jcashman on Jul 29 2011. Filed under Politics, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry