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Apple is richer than the US government
Apple has been earning huge revenues across the world as a result of which they possess more cash than the US government.
APPLE, ONE of the largest companies in the world has been earning huge revenues all across the globe. USA, which is considered to be one of the greatest sovereign nations in the world, has lesser cash when it is compared with Apple Inc. The fact is really startling.
The last recorded earning for Apple was had $76.2 billion in cash and various kinds of marketable securities. The figures given are for the month of June (end). Apple has been all over the world for its products such as iPod, iPhone, iPad, which are being sold in the markets like hotcakes.
The US government has always been known for their spending on various kinds of policies that has been implemented. Most of their spending goes toward the US military, which has their troops spread wide across the borders. But, Apple does not spend as much as it earns. So, they are bound to have good cash at their disposal.
Apple is way ahead in the competition when compared to their rivals in the market. Microsoft can be one of their close competitors, as they have managed to make $5.87 billion net income and Apple, on the other hand made a net income of $7.31 billion.
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