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EU crisis? If only it had Apple's bank details

by Tim Green
Monday, January 30th 2012 at 1:53PM

EU crisis? If only it had Apple's bank details

Apple's cash reserves could pay off the public debt of eight EU countries.

A new infographic from MBA spells out the obscenely healthy state of Apple's bank balance, revealing that the firm has $97 billion in cash reserves.

That's enough to wipe out the sovereign debts of Malta, Slovakia, Luxembourg, Bulgaria, Lithuania, Latvia, Cyprus and Estonia.

Not enough to sort the UK out though. We've racked up a trillion pound debt, probably from using credit cards to buy iPads.

Here's the infographic...

Tags: apple , mba , infographic

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1 comment

Apple is smart in the way it goes about buying. They don't acquire debt and at the same time acquire crucial companies who add value to their company. At the same time they make quality products that make sense and can be adopted by people of different lifestyles. Amazing infographic and very interesting article!

Glen Suh
www.tapit.com