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Apple Has More Money Than The U.S. Government; $81.5 Billion

Maybe the cash-strapped U.S. government should start selling iPads!

Apple revealed it has a staggering $81.5 billion in cash in the bank, according to reports. That’s more than more money than even the U.S. government has, documents show. The tech giant disclosed parts of its 10K filing earlier this week, claiming it has 13.2 million square feet of building space, employs 60,400 full-time workers and made more than $37.5 billion in cash profits during the last fiscal year.

There’s been a lot of speculation about what Apple might buy with its piles of cash — Facebook and Sony being two of the more high-profile examples but the company doesn’t seem to be in any hurry to make a move.

“We don’t let the cash burn a hole in the pocket or make stupid acquisitions,” CEO Jobs said last fall. “We’d like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future.”

But Chief Executive Tim Cook also said that money is not “burning a hole in his pocket” and that he wasn’t going to do “silly things” with it. Cook, who took over for Steve Jobs in August, told investors in a call Wednesday he was in no hurry to decide what his company will do with the money.

Whatever it is, we’re sure loaning the government some isn’t an option..

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