Dealbook, NY Times - “Excessive,” “untenable,” simply “ridiculous” — those are some of the words analysts are using to describe Apple’s gigantic cash pile.
It’s certainly a hefty one.
In its latest earnings report on Wednesday, Apple recorded cash and cash equivalents of $65.8 billion, adding to the prior quarter by about $6 billion. The sum easily trumps Apple’s peers. Google, which boasts the second-largest cash pile, reported $36.7 billion in cash last week, less than half of Apple’s war chest.
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A Shopping List for Apple’s Growing War Chest
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