Apple is richer than the USA Govt!?

Every one around the world was making hue and cry on deteriorating US economy. Here comes a fresh report, according to CNN, Apple had US $ 76.2 billion in cash and marketable securities at the end of June which happens to be more than the US operating cash balance of US $ 73.8 billion.

Apple products include the iPad and the iPhone, recently become the world’s largest smart phone vendor by volume. They are witnessing tremendous growth since introduced their first iPhone in year of 2007. Based on the market capitalization, Apple is the second largest company in the world after Exxon Mobil.

Although these figures can’t be officially or directly comparable, since the US Govt’s balance amount is the amount of money they can spend before they hit the debts while Apple money is based on market capitalizations.