Apple Has More Spending Money Than the U.S. Government


appleOnce again, Apple has more spending money than the United States government. Digest that for a second.¬†According to the company’s 10-K filing with the SEC Friday, Apple has $81.6 billion in cash (to go with 13.2 million square feet of building space and 60,400 full-time employees).

By comparison, the U.S. Treasury Department has an operating balance of $73.8 billion. That’s the amount the U.S. can spend before hitting the debt ceiling. Apple’s $81.6 billion in cash is a small percentage of, say, the budget for the Department of Defense.

Still, that number is yet another indicator of Apple’s immense resources and surely will now be cited by many Steve Jobs hagiographers.

Apple’s stockpile of cash has grown considerably over the past few years, as just two years ago Apple had $31.1 billion in liquidity.

The company also lapped the Treasury Department back in July, when Apple’s $76 billion exceeded the Treasury Department’s $74 billion.

Before we get to carried away, while it may seem like Apple has everything, it has lost the title of American most valuable company. That would be Exxon Mobil.

Poor them.

{The Wrap/ Newscenter}