According to a CNN report, Apple had US$76.2 billion (S$91.7 billion) in cash and marketable securities at the end of June, more than the US' operating cash balance of US$73.8 billion--PHOTO : REUTERS
TECH giant Apple has more money than the US government, media reports revealed on Saturday.
According to a CNN report, Apple had US$76.2 billion (S$91.7 billion) in cash and marketable securities at the end of June, more than the US' operating cash balance of US$73.8 billion.
Apple, whose products include the iPad and the iPhone, recently become the world's largest smartphone vendor by volume.
The US is currently in a stand-off trying to lift its debt ceiling, with the Senate on Friday rejecting a House-passed Republican bill to avoid a default.
Business leaders have warned that a default would cripple the fragile US economy, which has been struggling with high unemployment ever since the 2008 financial crisis. - REUTERS
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