Do Apple have more money than the US government?

Do Apple have more money than the US government?

Apple now has more cash to spend than the United States government. Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn). Apple’s most recent financial results put its reserves at $76.4bn.

Which company has more money than the US Treasury?

Apple Has More Money Than U.S. Treasury.

What happens if a company has more money than the government?

A surplus occurs when the government collects more money than it spends.

How much money does Apple have?

Cupertino, California April 28, 2021 Apple today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40.

Could Apple Buy a country?

In case Apple wishes to buy an entire country and rename it as Apple Land or Apple Campus, it has enough money to so. If we take a look at the current GDP reserves of all nations, Apple could afford countries like Finland, New Zealand, Portugal, or Chile.

Is Microsoft worth more than Amazon?

Microsoft shares are up a staggering 50% over the past year, making the company worth more than Tesla and Facebook, the nation’s fifth and sixth most valuable companies—combined. The only firms coming close to Apple and Microsoft in value are Amazon (worth $1.7 trillion) and Alphabet (worth $1.6 trillion).

Who is the richest Apple or Microsoft?

Boosted by record sales of its enterprise cloud software during the pandemic, Microsoft appears set to cross the threshold just eight months after iPhone-maker Apple, which is now worth close to $2.3 trillion, became the first U.S. company to amass a $2 trillion market cap in August.

How much money does Apple have in the US?

Apple has more money than the US government. Here’s a frightening statistic: Apple Inc. now has more cash on hand than the entire United States federal government. As of Wednesday, July 27, the balance sheet for the US Treasury dipped down to $73.768 billion.

Is the US government richer than Apple is?

No Apple is not richer than the US government. The US government has hidden assets such as gold, platinum, silver, stocks, land, oil, bonds, weapons, art and artifacts, that will make the US goverment far richer if the value of money would bust. , B.S. The US government is in a 19 trillion dollar debt as of today.

Is there more cash than the US government?

For, depending upon how we set our definitions we can say that Apple and Microsoft have, each of them, more cash than the US government, or that the government has an unlimited, inexhaustible, amount of cash, or finally that it has a negative amount of it.

Which is larger Apple’s Cash or treasuries?

Which is an amount very much larger than the amount of cash it is recorded as having. And if we’re going to count the Treasuries owned by Apple as cash (which we are) then we ought to treat the Treasuries owed upon by Uncle Sam as negative cash.