Apple's Golden Hoard

[ECTNews]

 Apple's recent iCloud announcement was merely the icing on the cake of a week of positive news coming from Cupertino. For one thing, iPhone sales made Apple the world's largest smartphone vendor in Q2 of 2011, according to Strategy Analytics. For another, news has emerged that Apple has a cash balance of nearly $76 billion, which is more than the nearly $74 billion operating balance of the United States Treasury Department. Meanwhile, Mac OS X Lion appears to be gaining momentum, seeing 1 million downloads in just one day after being introduced July 20.