US President Barack Obama is known to be an iPad owner, along with 28 million other people
Apple now has more cash to spend than the United States government.
Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).Apple's most recent financial results put its reserves at $76.4bn.
The US House of Representatives is due to vote on a bill to raise the country's debt ceiling, allowing it to borrow more money to cover spending commitments. If it fails to extend the current limit of $14.3 trillion dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.The United States is currently spending around $200bn more than it collects in revenue every month.
Apple, on the other hand, is making money hand over fist, according to its financial results.In the three months ending 25 June, net income was 125% higher than a year earlier at $7.31bn.
With more than $75bn either sitting in the bank or in easily accessible assets, there has been enormous speculation about what the company will do with the money.
Industry watchers believe that it is building up a war chest to be used for strategic acquisitions of other businesses, and to secure technology patents.The company may also have its eye on smaller firms that develop systems Apple might want to add to its devices, such as voice recognition.
After the miscues of Windows Vista, Microsoft is hoping to restore its image with the new operating system Windows 7, which launched Thursday. Apple isn't helping. The maker of Ma
A well-known American psychologist mother in order to study the impact on human life in the United States selected 50 successful people, they are in their respective industries get