Apple has bigger budget than US government

US Treasury Department has $73.7bn to spend, Apple has $76.4bn

Tags: Apple IncorporatedUS Department of the TreasuryUSA
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Apple has bigger budget than US government Apple now has a bigger budget than the entire US government, according to US Treasury Department figures.
By  Georgina Enzer Published  July 31, 2011

Apple now had more money to spend then the US government, according to the latest figures from the US Treasury Department, which put the country's operating cash balance at $73.7bn, while Apple has reserves of $76.4bn.

The US is currently spending around $200bn more than it collects in revenue every month, while Apple is making money faster than it can spend it, according to its financial results.

In the three months ending 25 June, Apple's net income was 125% higher than a year earlier at $7.31bn.

With so much money in the company's coffers, there has been much speculation around what the company will do with it.

According to the BBC, industry insiders believe that Apple is building up a take-over budget to be used for strategic acquisitions of other businesses, to secure technology patents and to buy up smaller firms that develop systems Apple might want to add to its devices, such as voice recognition.

Apple spent $4.5bn from its reserves recently when it teamed-up with Microsoft to buy 6.000 patents from the now-closed Canadian firm Nortel.

1953 days ago
Pimin Konstantin Kefaloukos

The use of the word "budget" in the title is wrong. Apple does not have a bigger budget than the US government. It may have more money in the bank after expenses have been paid each year. The annual budget (expenditures) for the US measures in TRILLIONS of dollars. I don't know what the budget for running Apple is, but it is not trillions of dollars.

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