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FarSky
 Post subject: iUSA?
PostPosted: Thu Jul 28, 2011 10:00 pm 
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Near Ground
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Apple Now Has More Cash Than The U.S. Government

Read more: http://www.businessinsider.com/apple-ha ... z1TSYWt61W

Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.
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 (PDF here) 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.
(The Atlantic and CNBC both pointed this out earlier.)
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Wwen
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PostPosted: Thu Jul 28, 2011 10:32 pm 
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Oh. Snap.

I'm ready to pledge my alligence to Steve Jobs.

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darksiege
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PostPosted: Thu Jul 28, 2011 11:26 pm 
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I think he already has the better part of my soul so why not my allegiance...

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Darksiege
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Lead me not into temptation; for I know a shortcut
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Rorinthas
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PostPosted: Fri Jul 29, 2011 12:38 am 
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Not surprised. We should nab him for treasury secretary.

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Midgen
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PostPosted: Fri Jul 29, 2011 12:58 am 
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I wonder if PresBo asked him for a loan what he'd say?

Sorta puts a new twist on "Government Bailout".
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Rorinthas
 Post subject: Re:
PostPosted: Fri Jul 29, 2011 1:06 am 
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Midgen wrote:
I wonder if PresBo asked him for a loan what he'd say?

Sorta puts a new twist on "Government Bailout".


Not really. Was done/proposed back in the 20s by JP Morgan iirc.

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Lex Luthor
 Post subject: Re:
PostPosted: Fri Jul 29, 2011 9:11 am 
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Rorinthas wrote:
Not surprised. We should nab him for treasury secretary.


He has more important things to do than be treasury secretary.
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Müs
 Post subject: Re: Re:
PostPosted: Fri Jul 29, 2011 9:23 am 
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Lex Luthor wrote:
Rorinthas wrote:
Not surprised. We should nab him for treasury secretary.


He has more important things to do than be treasury secretary.


I'm sure his R&D department can manage the iPhone 5, iPad 3, and iPod touch 2 without him.

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Lex Luthor
 Post subject: Re: Re:
PostPosted: Fri Jul 29, 2011 9:25 am 
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Müs wrote:
Lex Luthor wrote:
Rorinthas wrote:
Not surprised. We should nab him for treasury secretary.


He has more important things to do than be treasury secretary.


I'm sure his R&D department can manage the iPhone 5, iPad 3, and iPod touch 2 without him.


I doubt it, at least not as effectively. There also might be unannounced products.
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Rorinthas
 Post subject: iUSA?
PostPosted: Fri Jul 29, 2011 10:01 am 
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This is Steve Jobs and 2011 we are talking about. The man could probably telecommute.

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Hannibal
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PostPosted: Fri Jul 29, 2011 10:17 am 
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Apple obviously are birding their money at the detriment of the community. They need higher taxation and greater redistribution of their assets.

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