“If Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States,” Anita Balakrishnan reports for CNBC. “That’s because the tech giant owns $52.6 billion in U.S. Treasury securities, which would rank it among the top 25 major foreign holders, according to estimates from the Treasury Department and Apple’s SEC filings released Wednesday.”
“Apple’s stake in U.S. government securities as of June, up from $41.7 billion as of last September, puts it ahead of Israel, Mexico and the Netherlands, according to Treasury data released last month, which tracks up to May of this year,” Balakrishnan reports. “With $20.1 billion in short-term Treasury securities and $31.35 billion in long-term marketable Treasury securities, Apple still falls far below countries like China and Japan, which hold over a trillion dollars in U.S. government debt each — which has caused considerable hand-wringing in Washington.”
Balakrishnan reports, “Still, Apple is way above other big companies like Amazon, which owns less than $5 billion in U.S. government or agency securities combined, according to regulatory filings.”
The full list of the top 25 major foreign holders of U.S. Treasury securities and Apple here.
MacDailyNews Take: Apple literally can’t spend/invest their cash fast enough; even with all of those buybacks and dividend payments, the mountain just keeps on growing! File this under “Nice Problems.”
incredible…started by two nerds in their parents garage.
ah! capitalism!
FU Guttersnipe.
Golly Gee Whiz. I sure hope the dictatorship at Muckraker Daily News doesn’t delete my post. Fücking Fascists.
worse for you, it will be promptly ignore…MDN is a great defender of free speech.
Honest and for truly, MDN? You won’t delete me anymore, just because I don’t agree with your FASCIST opinions?
Thank you. I take back every bad thing I said about you.
Not Botty or Fist this then Fist that, though.
They can burn in Heil. (Just kidding. You can burn too, MDN)
Something you or your generation can only envy.
uh, Steve Jobs IS my generation.
My first computer.. Christmas 1977
Radio Shack TRS 80. My first was an Apple || or ][ if you are a snob.
I was newly married and had to do a lot of convincing to get the OK from the wife to spend 499.00 on a computer. 2000.00 in today’s dollars.
started with the mighty Commodore 64.
…been peekin’ and poke’in ever since. 🙂
My first was a Cromemco S-100. With no Operating System. Later came M-DOS and CP/M.
S-100. I had a PC from Zenith, a Z-100 that has an S-100 bus.
Except for national governments and founders (like zuckerberg of Facebook, and Bezos of Amazon) does anyone or any organization own 50 Billion dollars of anything?
As a California company they are used to having less political impact than they should.
California has about 1/3rd of the US population and has an economy that would be one of the 10 largest in the world, but only gets 2 Senators- just like places like North Dakota, Rhode Island and Wyoming. That also impacts the Electoral College.
Between our ever more nosy government and taxes, Apple might well consider moving overseas. There is not a nation on this planet that would not welcome them with open arms.
Everybody always bitches about the US Government, until they go live overseas and see first hand how things really work over there (wherever there is). Then it dawns on them that things aren’t quite so bad in the US after all.
democracy is mob rule. It can never defend individual rights. This is the function of a republic, this is the function of the electoral college.
“Democracy is two wolves and a lamb voting on what is for dinner.”
Franklin
let me hear your defense of “democracy.”
you make me puke.
Still, Amazon is seen as being more valuable than Apple due to growth potential and Jeff Bezos killer instinct. Apple might as well be holding onto a child’s piggy bank as far as Wall Street is concerned. Apple’s major cash hoard is basically untouchable with no tax reforms in sight so it might as well be stranded on the moon.
There are still people saying that Amazon will reach a $1T market cap sooner than Apple will. Just hearing such a thing is somewhat disheartening, absurd as it may seem. It shows just how little respect Apple gets despite all of its wealth.
Bezos has the fire in the belly that Apple lacks. Companies usually falter or stumble in the generation beyond their founder and Cook is an apparatchik – a highly competent manager and genius of supply chain. He is an operations guy in a company used to being driven by a visionary.
agree, it must be incredibly disheartening and discouraging for the real brains within Apple to be lead by this joke of a CEO.
This joke of a CEO has presided over the rise of AAPL’s market cap from $360B at Steve’s death to today’s $810B. He doesn’t stir the soul like Steve did but I think AAPL investors are pretty happy.
Apple gives a dividend that Amazon and Google do not! I respect Apple more than the other 2 a holes for that.