Saturday, September 12, 2015

Interesting trivia: Apple richer than U.S. Treasury

In June of 2011, the U.S. government had an operating cash balance of $73.8 billion, while Apple boasted a whopping $76.2 billion in cash reserves.

This was four years ago and I assume it's no longer true, probably because Apple has reduced its cash reserves, and the U.S. has reduced its deficit, shifting the balance.  

Even though it's old news now, I thought it was an interesting commentary on what the digital revolution has wrought:    The most valuable U. S. corporation -- and the most valuable product worldwide (the iPhone) -- did not exist a generation ago.

Ralph

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