Whos’ Got More Cash – Apple or US Government?
If you guess Apple, you are correct. The US Treasury released their cash savings numbers yesterday and it appears US has about 73.7billion in cash. Compare that to Apple’s cash in the back at 76.4billion and it’s clear who’s got more green.
Just 9 years ago, Apple had several hundred million in the bank. This just goes to show you what a decade of strong sales can do for a retail product line such as Apple’s.
Just last quarter Apple sold 20.3 million devices and with the minimum price of a couple hundred bucks per unit, that’s a big number.
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