Apple US Treasury

Believe it or not, Apple has more money than the US treasury. According to one report, “Apple has three times as much cash on hand as does the US government, and over twice as much as does the UK. These figures come to us from the Bank of America’s wealth-management arm, US Trust. In its most recent quarterly SEC filing, Apple reported that it had $158.8-billion in cash and cash equivalents plus short- and long-term securities. US Trust reports that the cash-strapped American government has reserves of just $48.5-billion.” Continue reading for more.

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