Apple is richer than the US Government

According to a recent report by the Financial Post, Apple has more cash than the U.S government. Applereported the quarterly earnings of US$ 75.876 billion till the 25th of June 2011 . The U.S governmentreported total operating balance of US$ 73.768 billion on Thursday , which is lesser than Apple.

Apple has seen tremendous growth since they introduced their first iPhone in the year of 2007. According to the recent report from IDC, Apple still holds the 4th place, based on the worldwide mobile phoneshipments in Q2 2011 and the shipments have increased 141.8% when compared to Q2 2010.

These figures are not directly comparable, since the U.S government’s balance amount is the amount of money they can spend before they hit the debts and the Apple’s earnings are the revenues from the sales. Based on the market capitalization, Apple is the second largest company in the world after Exxon Mobil.

iOS 5 Adding Face Recognition Support

9to5 Mac reports that Apple is adding support for face recognition in iOS 5.0 .  The feature will be accessible via API calls by developers allowing for some very interesting applications. The site reports that one of the APIs allows for recognizing the position of the person’s eyes and mouth.

Apple are also said to be working on some applications making use of the new features which will ship pre-installed on devices. Apple had previously acquired a company called Polar Rose in 2010 which specialized in Facial Recognition. Developers on Android have already demonstrated some interesting things which can be done by recognizing facial gestures and it will be very interesting to see how Apple takes this forward.

Nokia N9 Launching on 15th September on Swiss Orange ?

MeeGo Experts report that the long awaited Nokia N9 might be available via Swiss Orange starting September 15th. The website has put up a page for the MeeGo Harmattan device and listed 15th September as date of availability alongside the specifications.

The Nokia N9 comes with a large 3.9″ AMOLED curved glass display. The phone runs a custom build of MeeGo which uses a proprietary 3 panel Swipe-UI. The camera is an 8MP unit and captures 720p video at 30FPS.