Apple vs. US Government! [haha] - GoFuckYourself.com

TheSquealer · 07-28-2011, 05:46 PM

http://www.businessinsider.com/apple...ernment-2011-7

Apple Now Has More Cash Than The U.S. Government

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 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.

Serge Litehead · 07-28-2011, 05:49 PM

sad and funny at the same time.

alias · 07-28-2011, 05:52 PM

In pod we trust.

L-Pink · 07-28-2011, 05:58 PM

Jobs for president.

.

Geometrist · 07-28-2011, 06:24 PM

Big time irony in them holding more of their own shit. Not to put that too bluntly but people are affected, and those apples ain't edible son.

TheSquealer · 07-28-2011, 06:25 PM

Quote:

Originally Posted by Geometrist

Big time irony in them holding more of their own shit. Not to put that too bluntly but people are affected, and those apples ain't edible son.

96ukssob · 07-28-2011, 06:25 PM

Quote:

Originally Posted by TheSquealer

That's because Apple collects more money than it spends, while the U.S. government does not.[/I]

funny how that works... aint

Geometrist · 07-28-2011, 06:40 PM

Quote:

Originally Posted by TheSquealer

[IMG][/IMG]

Only something, but don't let me get YOU down.

07-28-2011, 05:46 PM	#1
TheSquealer BANNED Industry Role: Join Date: Oct 2004 Location: In Your Head Posts: 25,141	Apple vs. US Government! [haha] http://www.businessinsider.com/apple...ernment-2011-7 Apple Now Has More Cash Than The U.S. Government 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 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.

07-28-2011, 05:49 PM	#2
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	sad and funny at the same time. __________________ SilverCrocodile.com Adult web design since '05

07-28-2011, 05:52 PM	#3
alias aliasx Join Date: Apr 2001 Posts: 19,010	In pod we trust. __________________ https://porncorporation.com

07-28-2011, 05:58 PM	#4
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Jobs for president. .

07-28-2011, 06:24 PM	#5
Geometrist So Fucking Banned Industry Role: Join Date: Jul 2011 Location: Systems Posts: 191	Big time irony in them holding more of their own shit. Not to put that too bluntly but people are affected, and those apples ain't edible son.