Business Insider – Apple Now Has More Cash Than The U.S. Government

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple’s last earnings report showed that the company had $76.2 billion in cash and marketable securities at the end of June. In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.

That’s because Apple collects more money than it spends, while the U.S. government does not.

Hah.

Btw, I’ve read elsewhere that somewhere around $45 billion of Apple’s cash is overseas, and unlikely to be moved to the US unless somebody changes the current idiotic tax laws. Cuz they want to inject $45-ish billion into the US economy, just not if they’re gonna lose half of it in a puff of smoke right out of the gate (and other metaphors).