CNBC did an interesting slideshow detailing just exactly how big Apple's market cap and cash holdings are. A couple of my favorites....
California State Revenues
With $97.6 billion in its coffers, Apple has more cash on hand than its home state of California generated in tax revenue for its general fund in 2011. According to the California Department of Finance, California saw revenues to its general fund reached approximately $93.49 billion during fiscal 2010-11, which is $4 billion less than the value of Apple’s cash, short term and long term liquid investments.
The Apple coffers could also cover the state’s estimated $9.2 billion budget deficit more than 10 times over. With the 2012 state budget deficits accross the country estimated to be around $112 billion, Apple’s cash reserves could nearly wipe out the entire country’s state budget woes.
U.S Currency in Circulation
It may surprise some to learn that if you took every $1, $2, $5, $10, $20 and $50 bill currently in circulation, you still would not have enough cash to purchase Apple.
According to the United States Federal Reserve, the total value of U.S. currency in circulation stood at $1.034 trillion at the end of 2011. A majority of this value is in $100 notes, of which 7.8 billion are currently in circulation.
The total value of all U.S. legal tender with a face value below $100 totals up to only $252.8 billion, which is less than half of the value of Apple’s current market cap.
Link to CNBC slideshow
California State Revenues
With $97.6 billion in its coffers, Apple has more cash on hand than its home state of California generated in tax revenue for its general fund in 2011. According to the California Department of Finance, California saw revenues to its general fund reached approximately $93.49 billion during fiscal 2010-11, which is $4 billion less than the value of Apple’s cash, short term and long term liquid investments.
The Apple coffers could also cover the state’s estimated $9.2 billion budget deficit more than 10 times over. With the 2012 state budget deficits accross the country estimated to be around $112 billion, Apple’s cash reserves could nearly wipe out the entire country’s state budget woes.
U.S Currency in Circulation
It may surprise some to learn that if you took every $1, $2, $5, $10, $20 and $50 bill currently in circulation, you still would not have enough cash to purchase Apple.
According to the United States Federal Reserve, the total value of U.S. currency in circulation stood at $1.034 trillion at the end of 2011. A majority of this value is in $100 notes, of which 7.8 billion are currently in circulation.
The total value of all U.S. legal tender with a face value below $100 totals up to only $252.8 billion, which is less than half of the value of Apple’s current market cap.
Link to CNBC slideshow
