Archive | Saving RSS feed for this section

Apple wealthier than U.S Government

2 Aug

You might have guessed that Apple is a wealthy company, and you’re right, they are! But did you know they were this wealthy? According to a recent statement released by the U.S Treasury Department the U.S government has $73.8 billion dollars in operating cash and although this quite a sum it does not nearly stand up to the thunder rendering $76.2 billion dollars in tax-free usable cash that Apple has and although at a glance it may shame the U.S Government you have to consider that Apple is a worldwide company they branch of to Europe, Asia, Australia, South and North America in contrary to the U.S Government which well operates in only the United States of America and above that the U.S Government has to be constantly investing that money in order to keep America afloat and even though Apple may also have to re-invest their money the money they re-invest does not even match that of the U.S Government has to re-invest and there are also many factors regarding why the statistics show this result but all content aside and no matter the variables when you look at it Apple is wealthier than the U.S Government.