Apple has more cash than the U.S. Treasury

The US Department of Treasury on Monday said it had a total operating balance of $53.575 billion on Friday. That number will more than likely get smaller as the debt ceiling is approaching, even though the they made their debt limit deal.

Steve Jobs and his buddies at Apple, at the end of June, had a total cash reserve of $75.878 billion. You read right, the Apple company has more money than the US treasury.

Funny thing is, Microsoft can nearly boast the same, they have $52.8 billion in cash and short term investments. Microsoft also has a sale worth $8.5 billion pending with Skype.

Of course the government saw this and had to come back with why these facts are so. The government said that the numbers between them and Apple are not comparable. Why? The US Treasury represents “how much financial headroom it has before bumping against an arbitrary debt ceiling, while Apple’s cash reserve represents the pile of money the Cupertino, California-based company has available on its balance sheets.”

Still, the numbers that Apple has shows how much they have grown as a company since the launch of the iPhone in 2007. Apple has shares trading north of $400 on the Nasdaq Stock Market, more than the company has had in its existence.

Apple, with its market capitalization of more than $367 billion by the end of Mondays trading, is the second most valuable company in the world. Its valuation is bigger than IBM and Microsoft combined.

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