Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
In the News Apple is now more liquid than the United States government, the Financial Post reports. As the government struggles to resolve the debt ceiling debate, the operating balance in Washington is at US$73.768 billion and falling. Meanwhile, Apple has US$75.876 billion.
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Credit rating
by ourcomputerbloke on Fri 29th Jul 2011 04:51 UTC
ourcomputerbloke
Member since:
2011-05-12

S&P downgrades US credit rating from AAA to WTF

Reply Score: 17

RE: Credit rating
by SilConGeeky on Mon 1st Aug 2011 20:15 in reply to "Credit rating"
SilConGeeky Member since:
2011-08-01

Actual "cash on hand" for operations is only
$2,769M ($2.7B) per apples SEC disclosure.
They have other investments they used cash to purchase since god know how long including US Bonds, CD, Mutual Funds, Stocks of other companies, etc etc.

I cant beleive why so many missed this. Apple only has $2.7B CASH compared to $74B by the Government.

Reply Parent Score: 1