CALIFORNIA – Now Apple is not only a king in the market of smartphones and tablets. Technology from the Cupertino giant is even more ‘richer’ than the United States Government.
Just imagine, the U.S. reportedly ‘only’ have cash amounting to USD73, 76 billion. While Apple’s cash reserves reached USD75, 87 billion. Similarly, reported Yahoo News on Saturday (30/07/2011).
With revenue of USD363, 25 billion, Apple is the second largest company in the world after the U.S. oil giant Exxon Mobil. Cupertino-based company’s business began to skyrocket in 2007 when it entered the smartphone market by launching its first iPhone.
Within three years, Apple’s successful shift the manufacturer of BlackBerry, Research In Motion, which is actually one of the pioneers of the smartphone market and could dominate that market.
But the wealth Apple really skyrocketed last year, right after they introduced the iPad, which eventually started the current era of tablet PCs. Both the iPad or iPhone is the key to Apple’s put himself on the throne the world’s highest technology.
Besides Apple, other tech companies that have large cash reserves is Microsoft with a value of $ 40 billion.