Apple has more cash on hand than the U.S. Treasury

Apple has (Scott Eells/BLOOMBERG)

Putting the country’s financial position into perspective, The Financial Post’s Matt Hartley reported this stunning factoid Thursday night: Apple has more cash than the U.S. Treasury.

That’s right. The Treasury Department said Thursday that it has an operating balance of $73.768 billion, compared with the $76.156 billion in cash that Apple recorded on its latest earnings report.

Hartley was quick to point out that the numbers aren’t directly comparable, since the Treasury’s number represents how much money the government has before hitting the debt ceiling, while Apple’s cash holdings represent all the money it has available on its balance sheet.

However, as Fortune’s Philip Elmer-DeWitt pointed out, Apple also actually sees profits and spends its money at a much lower rate than the government.

Related stories:

More technology coverage from The Post

OS X Lion: One week later

OS X Lion drops PowerPC support

Apple launches new MacBook Air, Mac Mini, Thunderbolt display

Hayley Tsukayama covers consumer technology for The Washington Post.



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters