Apple now has more cash on hand than the U.S. government - Toyota Yaris Forums

Kal-El · 07-29-2011, 05:09 PM

(CNN) -- Maybe the cash-strapped U.S. government should start selling iPads.

According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around.

Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends.

This symbolic feat -- the world's most highly valued tech company surpassing the fiscal strength of the world's most powerful nation -- is just the latest pinnacle for Apple, which has been on an unprecedented roll.

Its Macs, iPhones and iPads remain hot sellers, its stock has surged past $400 a share and Apple just became the world's largest smartphone vendor by volume.

There's been a lot of speculation about what Apple might buy with its piles of cash -- Facebook and Sony being two of the more high-profile examples -- but the company doesn't seem to be in any hurry to make a move.

"We don't let the cash burn a hole in the pocket or make stupid acquisitions," CEO Jobs said last fall. "We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."

Offering Uncle Sam a short-term loan is probably not one of them.

Not really funny, but you gotta laugh.

JumpmanYaris · 08-03-2011, 03:01 PM

That's crazy but if you have common sence it all adds up specially as high as the apple products are and on high demand

KCALB SIRAY · 08-03-2011, 03:09 PM

They need an app for the iPad 2 to use Facebook and pictures from the album before they BUY Facebook

Marketable securities aren't always a liquid cash reserve. Still have to sell them before it's cash.

fnkngrv · 08-03-2011, 04:32 PM

Maybe in the future they will have to break up Apple like Ma Bell back in the day...there could be macintosh, red delicious, washington, granny smith, etc.

mazilla · 08-03-2011, 05:21 PM

Marketable securities + cash VS. Cash....doesn't equal the same thing. Although close, it's not exactly the same. Thanks CNN for spreading FUD(Fear, Uncertaintly, Doubt).

07-29-2011, 05:09 PM	#1
Kal-El Drives: 07 Yaris S Sedan 5-Speed Join Date: Oct 2008 Location: Massachusetts Posts: 2,179	Apple now has more cash on hand than the U.S. government (CNN) -- Maybe the cash-strapped U.S. government should start selling iPads. According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around. Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends. This symbolic feat -- the world's most highly valued tech company surpassing the fiscal strength of the world's most powerful nation -- is just the latest pinnacle for Apple, which has been on an unprecedented roll. Its Macs, iPhones and iPads remain hot sellers, its stock has surged past $400 a share and Apple just became the world's largest smartphone vendor by volume. There's been a lot of speculation about what Apple might buy with its piles of cash -- Facebook and Sony being two of the more high-profile examples -- but the company doesn't seem to be in any hurry to make a move. "We don't let the cash burn a hole in the pocket or make stupid acquisitions," CEO Jobs said last fall. "We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future." Offering Uncle Sam a short-term loan is probably not one of them. Not really funny, but you gotta laugh.

08-03-2011, 03:09 PM	#3
KCALB SIRAY それを吸ってください View User's Garage Drives: black sand lb Join Date: Oct 2008 Location: Virginia Posts: 8,894	They need an app for the iPad 2 to use Facebook and pictures from the album before they BUY Facebook Marketable securities aren't always a liquid cash reserve. Still have to sell them before it's cash. __________________ http://lifesdailypimpslap.tumblr.com/#me My Build

08-03-2011, 04:32 PM	#4
fnkngrv Mr. 155 and climbing View User's Garage Drives: Seriously Modded 07 Sedan Join Date: Jun 2006 Location: In The Hotbox Posts: 4,742	Maybe in the future they will have to break up Apple like Ma Bell back in the day...there could be macintosh, red delicious, washington, granny smith, etc. __________________ Team Tiamat Racing on Facebook Youtube Channel: Team Tiamat Racing *Class record holder in Land Speed @ 154.5mph for 1.5 mile and 145.5mph in the mile in the F (2.016 to 3.014 L), G (1.524 to 2.015 L), and H (1.016 to 1.523 L) classes.*

08-03-2011, 05:21 PM	#5
mazilla advocatus diaboli Drives: 07 Yaris hatch Join Date: Mar 2011 Location: San Jacinto California Posts: 1,126	Marketable securities + cash VS. Cash....doesn't equal the same thing. Although close, it's not exactly the same. Thanks CNN for spreading FUD(Fear, Uncertaintly, Doubt). __________________ -Type 07 FFL- My odometer 03/11 http://i205.photobucket.com/albums/b...a/2843ed85.jpg