capitalization

Apple has $76 billion free cash, ‘richer’ than US gov’t

Apple Inc., maker of the iconic iPod and iPad, has more available cash than the United States government.

As of June 25, 2011, Apple boasts of cash reserves totaling $75.876 billion.

The Treasury Department of the U.S. government, on the other hand, reports a total operating balance of only $73.768 billion — around $2 billion less than what Apple owns.

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