Apple Surpassed Uncle Sam’s Reservoirs!
Let’s see if the American government can pull-through as ‘quickly’ as Apple did, pray hard folks! According to the stats after Apple’s third quarter report, the company has $75.876 billion in its reservoirs while the U.S government has a total of $73.768 billion for running its entire operating balance. Incredible!
Can Steve Jobs buy or bail the U.S out? No, that’s not the case. The American GDP is around $14 trillion! That $73.768 B is just how much the U.S. has to spare before she reaches the debt limit. However, the fact that Apple has such a massive amount of money is still astonishing. Apple could buy numerous companies that the U.S. government could not.
Apple’s current value is $362 billion, the second most expensive public company in the world, with just $35 billion behind Exxon. Exxon Mobil is worth $395 billion. However, Apple is expected to bridge the difference, rather than surpass Exxon this fall, which is not impossible, since Apple’s going to launch its next-gen products soon.