Remains of the Day: Cash on the iBarrel

Apple's finances hit another surprising milestone, but don't expect the company to go on a shopping spree. Plus, Apple's devices take flight and Verizon reportedly tries its hand at bending Apple to its will. Good luck with that. The remainders for Friday, July 29, 2011 have their tray table and seat in the upright and locked position.

U.S. balance now less than Apple cash (Financial Post)

If you're looking to borrow some cash, maybe don't turn to the United States. According to the latest figures, Apple now has more liquid capital than the U.S. government. Which means Steve Jobs is now president.

What? Like I was the only one who slept through Civics class.

A Brief History of Apple Not Buying Things (Technologizer)

Seems like every week there's yet another rumor about Apple buying some company (or, as we call them in the biz, YARAABSC). To combat the madness, Harry McCracken has produced a catalog of the hearsay dating back to 2003, with exactly one example of Apple actually buying a rumored company (music-streaming site Lala), and way more examples of it, well, not buying companies. Well, now we’ll never have to read another stupid rumor Apple buyi—wait, Barnes & Noble? That doesn't even make any sense.

Apple Rules the Mobile Mile High Club (All Things D)

Inflight Wi-Fi provider Gogo has revealed that iPhones account for around two-thirds of mobile devices using its service, with the iPod touch making up another 20 percent; Android phones came in a distant third, with 12 percent. iPads, meanwhile, are counted alongside computers, where they make up around a third of devices, trailing Macs at 20 percent and Windows machines at 41 percent. Well, the prevalence of Windows machines would sure explain all those crying babies that seem to be on my flights.

FaceTime 3G for Verizon iPhone may be restricted to tiered data plans (9 to 5 Mac)

Apple’s FaceTime video-calling works pretty well on Wi-Fi, but sometimes you're nowhere near a network—so why doesn't it work over 3G? According to one source, the feature may be coming soon, but could potentially be held up by the lack of a deal between Apple and Verizon. Reportedly, Verizon wants to restrict FaceTime calls to customers of its tiered 3G plans, while Apple wants it also to work for unlimited data customers. I can picture the Apple ad now: A traveling dad goes to FaceTime his kids only to find he's on the wrong data plan. “No, Bob. Your children can’t hear you now.”

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