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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RE: So what?
by Lennie on Fri 29th Jul 2011 17:05 UTC in reply to "So what?"
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Well, I guess any organisation should have some money for unexpected expenses. And any really large organisation, like a country government should probably have a lot.

But why would a publicly trading company like Apple need to keep a lot of money ? They are supposed to share their wealth with their shareholders.

(in a way the citizens of a country are also the shareholders of the government, atleast that is how I look at it)

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