Global 2011: Apple has more cash than the federal government

Image via Wikipedia
As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company's financial records.

Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.

http://news.yahoo.com/blogs/ticket/apple-more-money-federal-government-163023405.html

Related articles

• Apple now holding more cash than USA (bbc.co.uk)
• Apple is no. 1 in the global smartphone market (cbsnews.com)
• Apple has more money than the US government (digitaltrends.com)