Apple's Stockpile of Cash Has Now Topped $250 Billion [Report]

Apple's Stockpile of Cash Has Now Topped $250 Billion [Report]

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Apple is expected to announce tomorrow that its stockpile of cash has has topped $250 billion, reports the WSJ. That's larger than the foreign-currency reserves held by the U.K. and Canada combined.

Apple’s quarterly results will show the company has doubled its cash in just over 4½ years. In the last three months of 2016, it racked up cash at a rate of about $3.6 million an hour. As of December, the company had $246.09 billion total cash, cash equivalents, and securities.

Apple holds 90% of its cash reserves outside of the United States so it doesn't need to pay U.S. taxes on its overseas profits. President Trump has proposed one-time tax holiday for companies repatriating funds. That could be beneficial to shareholders and allow Apple to more easily make a large acquisition.

Notably, Apple CFO Luca Maestri has said that bringing the money back into the United States would give Apple flexibility to do more capital returns perhaps via a special dividend.

Apple will report its earnings at the end of the day tomorrow. Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.

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Apple's Stockpile of Cash Has Now Topped $250 Billion [Report]

Apple's Stockpile of Cash Has Now Topped $250 Billion [Report]
D4xM4Nx - May 2, 2017 at 7:10am
Dat cash... Making smart, profitable investments is what Apple should do in order to bump that sum even more.
Rain Man - May 1, 2017 at 3:09pm
Very impressive
Rippey - May 1, 2017 at 2:46pm
Billion with a B. Apple has 250 million in the kitchen cabinet.
Rippey - May 1, 2017 at 2:47pm
Now go buy Tesla and have Elon be the CEO.....
Bradley Rawleigh - May 1, 2017 at 2:43pm
BILLION WITH A B
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