Apple is Now More Liquid Than the U.S. Government

Apple is now more liquid than the U.S. Government, according to an article by the Financial Post.

As Republicans and Democrats continue to work towards a compromise to the country's debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.

Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June.

The numbers aren't directly comparable; however, the Post notes that they show just how successful Apple has become since its launch of the iPhone.

Apple's cash is now nearly 16% higher than three months ago, and the amount added last quarter is higher than the amount on hand 4.5 years ago, and the cash added is higher than Google's overall revenues in the quarter.