Vunderkind
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Apple has three times as much cash on hand as does the US government, and over twice as much as does the UK.
These figures come to us from the Bank of America's wealth-management arm, US Trust, as reported by London's the Telegraph. In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash equivalents plus short- and long-term securities.
US Trust reports that the cash-strapped American government has reserves of just $48.5bn (£29bn), while the folks in Blighty are doing rather better with reserves of $70.3bn (£42bn).
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Source: TheRegister
These figures come to us from the Bank of America's wealth-management arm, US Trust, as reported by London's the Telegraph. In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash equivalents plus short- and long-term securities.
US Trust reports that the cash-strapped American government has reserves of just $48.5bn (£29bn), while the folks in Blighty are doing rather better with reserves of $70.3bn (£42bn).
Click here to read more
Source: TheRegister
