Apple Empire

**frenchtower** · July 30th, 2011 12:53 AM

Found this online

[SIZE=5]Apple now has more cash than the U.S. government[/SIZE]

(CNN) -- Maybe the cash-strapped U.S. government should start selling iPads.

According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around.

Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends.

This symbolic feat -- the world's most highly valued tech company surpassing the fiscal strength of the world's most powerful nation -- is just the latest pinnacle for Apple, which has been on an unprecedented roll.

Its Macs, iPhones and iPads remain hot sellers, its stock has surged past $400 a share and Apple just became the world's largest smartphone vendor by volume.

There's been a lot of speculation about what Apple might buy with its piles of cash -- Facebook and Sony being two of the more high-profile examples -- but the company doesn't seem to be in any hurry to make a move.

"We don't let the cash burn a hole in the pocket or make stupid acquisitions," CEO Jobs said last fall. "We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."

Offering Uncle Sam a short-term loan is probably not one of them.

Here's the link
Apple

**jedi** · July 30th, 2011 01:00 AM

apple can buy a country hehehe

**frenchtower** · August 20th, 2011 08:50 AM

[SIZE=4]Apple now worth as much as all euro zone banks combined[/SIZE]
By AppleInsider Staff
Published: 12:47 PM EST (09:47 AM PST)

With a sharp selloff pummeling share prices throughout European banking sector this week, Apple's valuation is now strikingly equal to all 32 of the biggest euro zone banks combined.

That's the result of the DJ STOXX euro zone banks index bleeding a third of its value since the start of July, driven by sharp declines in the share price of big banks such as Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit.

The index fell another 4 percent on Friday, dropping the combined value of its 32 members to $340 billion. That's precisely the market capitalization that Apple has soared to in recent months on the success of its iPhone and iPad devices.

For Apple, the accolade is just the latest in a growing string of financial related achievements. In addition to its back-and-forth battle with Exxon Mobile for the title of the most valuable company in the world, it was disclosed last month the the iPad maker's $76B in cash reserves recently surpassed the US government's own operating balance.

Back in June, it was also estimated that Apple's then war chest of $70 billion would have been enough to potential buy out rivals Nokia, Research in Motion, HTC and Motorola.

LINK

As what Jedi master said... "apple can buy a country"

**111prez** · August 20th, 2011 08:55 AM

got lots of money? then build this: Apple`s 'Spaceship' HQ: The Future's Coming to Cupertino - Mobile and Wireless - News & Reviews - eWeek.com

they deserve it though. their cupertino HQ at 1 infinity loop is, well, blah in design.

lots of indians so akala mo nasa mumbia ka, nyahahahaha

nothing special also in their company store

**Monseratto** · August 20th, 2011 09:07 AM

The Fruit Company is king, hail Steve!

**tidus1203** · August 20th, 2011 10:03 AM

Originally Posted by frenchtower

Found this online

Here's the link
Apple

Of course anyone has more cash than the US government! I have more than the US government cause they don't have any. They have debt of $14T. But they do have a printing press which I don't have...

**Ry_Tower** · August 20th, 2011 10:25 AM

Originally Posted by tidus1203

Of course anyone has more cash than the US government! I have more than the US government cause they don't have any. They have debt of $14T. But they do have a printing press which I don't have...

hehe, kaso yung pini-print nila pababa ng pababa value! Buti ikaw naka-G na.

**renzo_d10** · August 20th, 2011 11:35 AM

Why am I not surprised?

**uls** · August 20th, 2011 01:10 PM

combined value of 32 eurozone banks: $340B

value of Apple: $340 billion

Apple is worth as much as all euro zone banks | Reuters

(Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.

That's the stark result from a steep fall in the share price of banks including Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit, compared to a steady rise in Apple's valuation, according to Thomson Reuters data.