Apple Inc is the largest iTechnology company in the world, and has more cash in the bank than The Government of the USA
The U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion, and Apple now has a cash reserve of US$75.876-billion. Although the numbers aren’t directly comparable; the government’s number represents how much financial headroom it has before bumping up against an arbitrary debt ceiling, while Apple’s cash reserve represents the pile of money Apple actually has available on its balance sheet.
Still, the numbers show just how powerful Apple has become since the launch of the iPhone in 2007. Earlier this week, shares of Apple began trading North of US$400 on the Nasdaq Stock Market for the first time in the company’s history.
Now all we have to do is wait and see what happens when iOS5, the new iPhone, and even a new iPad drop near the end of the year…