Sunday, 30 April 2017 14:05

Apple's cash reserves now exceed a quarter of a trillion dollars – WSJ

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9to5Mac

Apple’s cash reserves now exceed more than $250B, reports the WSJ. The company will report the actual number in tomorrow’s earnings report.

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled corporate hoard that is greater than the market value of both Wal-Mart Stores Inc. and Procter & Gamble Co. and exceeds the combined foreign-currency reserves held by the U.K. and Canada combined.

While there’s as yet no official confirmation of the number, it seems a pretty safe bet …

NordVPN

The last number Apple reported was $246.09B as of December, so it was already close to the quarter trillion mark then. The rate of growth then was quite staggering.

Apple’s quarterly results will show the company has doubled its cash pile in just over 4 1/2 years. In the last three months of 2016, it racked up new cash at a rate of about $3.6 million an hour.

The paper suggests that the number is likely to ramp up pressure on the company to spend some of it, either through acquisitions or returning more money to shareholders.

One possible approach would be a special dividend.

(The article continues...)

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SPEEDEE

SPEEDEE spends his day searching the internet for the information you need to better use your Mac, iPhone, iPad, Apple TV, Apple Watch and all else Apple.

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