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Believe it or not ! Apple now has more cash than the debt ridden U.S. Treasury

In a rather embarrassing revelation, it has come on record that Apple has more cash that the US treasury, which is reeling under debt crisis.

While the United State’s treasury’s cash reserves fell to $ 74 billion in last week of July, the technology empire Apple headed by Steve Jobs has a balance of $ 76 billion.

Experts say that the fortunes of Apple changed with the launch of iPhone. Since 2007, the iPhone craze has put Apple right on the second rank among the biggest companies of the world by market value, at $ 362 billion.

Many critics got their chance to attack the Obama government again. They say that perhaps the US government should start selling Apple products now.

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