Interesting Fact - Money - Podcast

Apple has more money than the US government.




(As of July 27th, the US Treasury held operating cash of $73.7bn, whereas according to its recent financial results, Apple had a few dollars more (cue spaghetti western music) at $76.4bn. It seems that Apple, once the darling of the independent anti-Bill Gates movement, is now the big corporate giant that everyone accused Microsoft of being. It has been valued at $364bn, compared with Microsoft's $230.5bn. At the moment, there is only one other corporation in the world – Exxon Mobil – that is bigger. So how has this maker of toys for the well-heeled become so rich? Well, apart from making diamond studded iPhones, if you want your paper or magazine to be available on the iTunes subscription store, it will cost you 30% for Apple straight off. Let's face it, in the Apple economy, only Apple gets rich.)