Life

Maybe Steve Jobs Should Run in 2012

©Bloodua/123RF

Apple Computer has more cash on hand than the United States government, according to a report from the BBC.

The Treasury Department has $73.7 billion in its big safe, while Apple is sitting on $76.4 billion.

Despite the recession, Apple’s profits are booming. That’s not particularly surprising, considering the company’s line of wildly successful products including the iPhone, iPad, iPod and iMac.

It’s also not that surprising when you consider that Apple, unlike the federal government, isn’t spending about $200 billion more than it collects in revenue every month.

Apple’s net income in the three months ending on June 25th, according to the same report, was up 125%.

Our government could definitely use that kind of money management.

1 Comment

  1. The gov’t could use that kind of money management. I agree. But let’s hope they don’t try to follow Apple’s lead any more than that. I’d hate to see what kind of tablet or laptop they’d produce after it went through all the committees.

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Patrick is a Christian with more than 30 years experience in professional writing, producing and marketing. His professional background also includes social media, reporting for broadcast television and the web, directing, videography and photography. He enjoys getting to know people over coffee and spending time with his dog.