Apple stated to be richer than the U.S.A Government

[RAF]

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.

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 dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

The United States is currently spending around $200bn more than it collects in revenue every month.

Apple, on the other hand, is making money hand over fist, according to its financial results.

In the three months ending 25 June, net income was 125% higher than a year earlier at $7.31bn.
Spending spree

With more than $75bn either sitting in the bank or in easily accessible assets, there has been enormous speculation about what the company will do with the money.

"Apple keeps its cards close to its chest," said Daniel Ashdown, an analyst at Juniper Research.

Industry watchers believe that it is building up a war chest to be used for strategic acquisitions of other businesses, and to secure technology patents.

Bookstore Barnes and Noble and the online movie site Netflix have both been tipped as possible targets, said Mr Ashdown.

The company may also have its eye on smaller firms that develop systems Apple might want to add to its devices, such as voice recognition.

Apple dipped into some of its reserves recently when it teamed-up with Microsoft to buy a batch of patents from defunct Canadian firm Nortel.

The bidding consortium shelled out $4.5bn for more than 6,000 patents.

Source: http://www.bbc.co.uk/news/technology-14340470

 

[Terrio]

Yea I seen what apple made It was on their website
Thats just amazing how Poor america is getting now
Apple should be a government!
I want to see what they are waiting to do with the cash Like who needs to save 76b They must have big plans for that money

 

[fatal_mybb_import12934]

Apple is taking over. Take that Bill Gates. Aha~

Shit... I hate macs too...

 

[Dusk_mybb_import13243]

Very interesting, indeed. I would also like to know apple plans with the funds.

 

[QuackzMcDuck]

Apple is going to start their own country. :laugh::laugh:

 

[eXero]

No shit they do, the US is in trillion dollars debt Apple surpassed Google with net income a month or two ago, and is now the richest company in the US.

 

[eXero]

Lies. It's all lies.

 

[Eshme]

I'm richer then Apple, so what does that tell you?

Why does this guy have to come into the forum and be a kid?

I reckon apple is planning a new internet server other than www (world wide web) because the internet is capable and a lot of domains are taken so its about time really. And apple being as big as they are I am sure they would succeed.

 

[Terrio]

Chill out hammer =) Hes just saying he has Billions on Runescape and hes pro =)

I know that google was trying to take over EVERY thing like Get your DNA and shit
I red a big thing from google or w.e
Like a google tree they called it or something idk

Apple might want to hop on that

 

[Terrio]

-Reason why they made so much money

Iphones are like $700
Macbook pro's are $2300
Etc

They charge 10X more and get 10X the money

But you get what you pay for
High quality durable long lasting item so yea

 

[eXero]

Apple's products do have the highest resale value out of any technology.

 

[Will]

Come on Microsoft, do something amazing!

Oh wait the government has less money then apple, clearly signs of the world coming to an end.

 

[Terrio]

Come on Microsoft, do something amazing!

Oh wait the government has less money then apple, clearly signs of the world coming to an end.

2012 is right! World is going to end next year because US goes bankrupt!

And No one would pay The same price as apple for a Microsoft device

Apple = Good
Microsoft = Bad

Woot

 

[Manatee]

Apple's products are all overpriced pieces of shit.

 

[eXero]

They aren't pieces of shit, but they are overpriced. I would get a PC over a Mac, although I would rather have both.

 

[Inxy]

-Reason why they made so much money

Iphones are like $700
Macbook pro's are $2300
Etc

They charge 10X more and get 10X the money

But you get what you pay for
High quality durable long lasting item so yea

Plus people invest alot of money into apple.

 

[Tyler-]

They only started to becoming an actual threat when they brought out ipods and iphones, the 20 years before that they were shitcunts