Is Apple Holding More Cash Than The U.S.?

Photo: TheIronLion

Photo: TheIronLion

Do US companies have more money than the US government? Recent financial figures show that Apple does. Via BBC News:

Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple’s most recent financial results put its reserves at $76.4bn (£46.9bn).

The US House of Representatives is due to vote on a bill to raise the country’s debt ceiling, allowing it to borrow more money to cover spending commitments.

If it fails to extend the current limit of $14.3 trillion (£8.7tn) dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

[Continues at BBC News]

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  • Curumim

    Apple sucks

    • Irish Potato Gun

      not at making money

      • Curumim

        Apple is good at exploiting people

  • Curumim

    Apple sucks

  • Anon

    Since food inflation made pie too expensive lets change the saying to, we all want a piece of that apple as inflation figures show the ipad2 costs as much as the ipad1

  • Anon

    Since food inflation made pie too expensive lets change the saying to, we all want a piece of that apple as inflation figures show the ipad2 costs as much as the ipad1

  • Adam

    Is this why I hear the music from “The Omen” every time I see a picture of Steve Jobs?

  • Adam

    Is this why I hear the music from “The Omen” every time I see a picture of Steve Jobs?

  • Irish Potato Gun

    not at making money

  • Mr Willow

    The reason Apple makes so much is because the price tags on everything they make is way above the production cost of said items. 

    iPad: cost $500-$600; production $230

    iPod nano (6th gen): cost $150; production $45.10

    iPhone 4: cost $500; production $187.51

    iPod shuffle: cost $100; production $37.50

    Which is to say nothing of the production costs of their $1000+ MacBooks. Another reason they make so much is because their factories are in China, which, it has been reported in many places, force their ‘employees’ to sign pledges that they won’t commit suicide because of the degrading conditions. 

  • Mr Willow

    The reason Apple makes so much is because the price tags on everything they make is way above the production cost of said items. 

    iPad: cost $500-$600; production $230

    iPod nano (6th gen): cost $150; production $45.10

    iPhone 4: cost $500; production $187.51

    iPod shuffle: cost $100; production $37.50

    Which is to say nothing of the production costs of their $1000+ MacBooks. Another reason they make so much is because their factories are in China, which, it has been reported in many places, force their ‘employees’ to sign pledges that they won’t commit suicide because of the degrading conditions. 

    • Anonymous

      Are you factoring design costs into your production figures? Apple puts a lot of TLC into R&D compared with other companies, and I would consider it a big contributer to their high mark up. Do they still arbitrarily mark it up from there? Almost certainly. To the extent that you’re asserting? I’m not so sure.

  • http://twitter.com/jasonpaulhayes jasonpaulhayes

    U.S Economy … there’s an App for that!

  • http://twitter.com/jasonpaulhayes jasonpaulhayes

    U.S Economy … there’s an App for that!

  • jasonpaulhayes

    U.S Economy … there’s an App for that!

  • Anonymous

    Good. We know who to slaughter when we need money.

  • Redacted

    Good. We know who to slaughter when we need money.

  • Curumim

    Apple is good at exploiting people

  • Butter Knife

    These numbers mean less than nothing. The finances of state and business are not the same, not even truly comparable. For starters, a business will turn a net profit, with revenues exceeding expenditures… when government does this, we consider it a problem. Indeed, one of the reasons Bush was elected was that he ran on cutting taxes to ease the budget surplus, the government was turning a profit, where tax receipts exceeded spending*.

    This is why any sane person should cringe whenever politicians discuss the need for government to act more like a business. Of course no politician ever means that, no matter how loudly they assert it.

    * at least on paper, assuming steady growth, with some exceptions made, blah blah blah

  • Butter Knife

    These numbers mean less than nothing. The finances of state and business are not the same, not even truly comparable. For starters, a business will turn a net profit, with revenues exceeding expenditures… when government does this, we consider it a problem. Indeed, one of the reasons Bush was elected was that he ran on cutting taxes to ease the budget surplus, the government was turning a profit, where tax receipts exceeded spending*.

    This is why any sane person should cringe whenever politicians discuss the need for government to act more like a business. Of course no politician ever means that, no matter how loudly they assert it.

    * at least on paper, assuming steady growth, with some exceptions made, blah blah blah

  • http://www.zazzle.com/fantoccini* Gort

    When companies and their leaders are making billions – the consumer is not getting the best deal – and generally neither are the employees of the company.

    Same as it ever was, of course.

    But now everyone knows the detail of who what when and where and just how bad.

    Busy time for those interested in dismantling and redesign of this obsolete economic system – and all outdated institutional systems for that matter.

  • http://www.zazzle.com/fantoccini* Gort

    When companies and their leaders are making billions – the consumer is not getting the best deal – and generally neither are the employees of the company.

    Same as it ever was, of course.

    But now everyone knows the detail of who what when and where and just how bad.

    Busy time for those interested in dismantling and redesign of this obsolete economic system – and all outdated institutional systems for that matter.

  • mrtastycakes

    Cool! Let’s nationalize ‘em.

  • mrtastycakes

    Cool! Let’s nationalize ‘em.

  • Anonymous

    Apple won’t pay it’s iTaxes.
    That’s why they have more money then the gov!

  • mpanthera

    Apple won’t pay it’s iTaxes.
    That’s why they have more money then the gov!

  • mpanthera

    Apple won’t pay it’s iTaxes.
    That’s why they have more money then the gov!

  • Anonymous

    Are you factoring design costs into your production figures? Apple puts a lot of TLC into R&D compared with other companies, and I would consider it a big contributer to their high mark up. Do they still arbitrarily mark it up from there? Almost certainly. To the extent that you’re asserting? I’m not so sure.

  • http://twitter.com/inkatechnology InkaTechnology UK

    not surprising apple is more efficient & productive than the govt is!

  • http://twitter.com/inkatechnology InkaTechnology UK

    not surprising apple is more efficient & productive than the govt is!

  • http://twitter.com/inkatechnology InkaTechnology UK

    not surprising apple is more efficient & productive than the govt is!

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