If Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States.
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.
READ MORE:
[contentcards url=”https://www.cnbc.com/2017/08/03/apple-owns-more-us-treasuries-than-many-major-countries.html” target=”_blank”]