As the BBC realized Friday, the most recent figures from the Treasury Department reveal the state has an operating money balance of $73.7 billion. Apple cash has $76.4 billion of money available, per its latest money results.
If Washington fails to increase the nation's debt limit of $14.3 trillion greenbacks by Tuesday, the national can be unable to put in writing checks to pay its obligations whereas conjointly putting in danger its AAA credit rating. Apple, on the opposite hand, recently reported that revenue for its just-ended quarter soared 82 % and profits rocketed 125 %. whereas the Cupertino company impresses the planet with its iPhones and iPads, Washington embarrasses the world's oldest democracy with nonstop bickering over the way to solve the nation's debt.
"If Apple will do no wrong, the u. s. will do no right," quipped long-time Silicon Valley tech analyst Rob Enderle. "This quite behavior simply would not be acceptable during a public company."
Of course, the assets of the state so much exceed those of Apple, whose market capitalization of some $362 billion makes it the world's second most useful company.
Still, imagine if the functions of the national were run like Apple: their economical ease-of-use, to not mention trendy look, would inspire love and admiration round the globe.
But near to any profitable company within the u. s. is led by managers who appear to be a lot of economical and accountable than those pulling the levers of power in Washington, Enderle said.
However, there are some things the U.S. government will try this Apple cannot.
"The U.S. government will print cash," Enderle observed. "If Apple really printed money, it'd get into some hassle."