Posted in Blog Archive

Posted by abeodbart July 30, 2011 at 2:35 am

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.

Full Story at BBC

July 30, 2011 at 2:44 am

HA! This is beautiful! But now I’m just reminded that I really want an iPod touch seeing as I’ve destroyed my old nano :(
Not a deep or perceptive reply, its quarter to three in the morning, thus I don’t care.
Well I do, but just a bit.

July 30, 2011 at 2:44 am
Annette M says:

Haha! “I don’t the bank does”

July 30, 2011 at 4:11 am
roz says:

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

July 30, 2011 at 9:36 am
Mark says:

Hmmm what about Microsoft?

July 30, 2011 at 9:58 am
EmC_98 says:

This is such an amusing story to me! Apple is a fantastic company, but you wouldn’t expect it to have more money than the USA.

When I saw that little comic strip, it made my day!

Anyway, back to my Derren Brown marathon (yes, it’s my second one).

July 30, 2011 at 12:07 pm
MunKy says:

Holy shmuck! This scares the crap outta me. Privatisation is gonna happen one way or another.

Surely there is something wrong when companies are making more money than the countries they reside in?!?

Was wealth not meant to be good for the people, for the country, FOR OUR ECONOMY?

Obviously not.

July 30, 2011 at 2:50 pm
Art Stagnitta says:

This is what happens when greedy businesses take their products offshore to be manufactured by slaves working in a country that manipulates it’s currency and doesn’t participate in fair trade.

July 30, 2011 at 8:22 pm
Kia001 says:

Welcome to iUSA! Be sure to read your citizen’s license agreement carefully.

August 1, 2011 at 11:02 pm
alan says:

Apple now has more cash to spend than the United States government.
Steve and Bill pay Barack nil
When will they start to Tax Us?

August 12, 2011 at 12:24 pm
Jess xxx says:

Yeah, but does Apple have its own land mass? When Apple becomes a country, THEN I’ll be impressed! (Will be even more impressed if it is shaped like the Apple logo. :D )

August 16, 2011 at 12:36 am
Leela says:

I just laughed out loud for 3 mins straight!

September 14, 2011 at 10:10 am

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.


New and exclusive items

FEATURED Infamous Brochure

Infamous Brochure
I came to see the Infamous tour in Southampton (April 11). Derren is my biggest hero, and I found myself incredibly lucky enough to be up on stage with him. Derren was as genuine and charming as I'd always hoped (which proved a contrast to my nervous and shaky demeanour). He is a brilliant showman and an all-round pleasure to watch. The show was sensationally mind-blowing - I'll be sure that I never miss another. Thank you Derren, for everything that you do. Sorry I was so shaky! Grace
Kay le poidevin
Really looking forward to tonight in Southaampton, bought tickets for husband, Terry's birthday. It's not today, it was in February.)
Sandra B. Myers
Derren Brown, For my daughter's birthday gift in November of 2013, I gave her a ticket to your show. For Christmas, I gave her a round trip ticket to London from Pensacola, Florida, our home. On my birthday, I flew from the Middle East, where I'm teaching English, to join her. On the 25th of March, you gave us your best. It was the highlight of our First English Spring Tour. No matter how far apart we are in the world or mindset, we both agree...we have no idea how you do it! And we like it that way.
Hannah A
I saw Derren at Leeds on 25th and I am still - 4 days on - utterly blown away by his incredible talent and incredible show! I have never ever had the pleasure of seeing him live before, but I will never miss an opportunity again. Someone as talented as Derren Brown is a MUST SEE. He's mesmerising, spellbinding, inspiring, jaw droppingly amazing. This experience is something I will take away with me forever and a day! Thank you SO much for bringing this show to Leeds! But goin forward, if travel roun te country to see you - you are THAT good :)