Thursday, July 21, 2011

Apple Builds Cash, and Questions Begin -

More fun Apple stats; also see Apple and Its Cash Hoard (NYT)

Apple Inc. has built up a $76.2 billion cash hoard. Now the question is what the company intends to do with the money pile.

On Tuesday, the Cupertino, Calif., company disclosed cash, including short-term and long-term marketable securities, for the quarter ended June 25 increased 15.8% since March to $76.2 billion. That's more than the gross domestic product of 126 countries, including nations such as Ecuador, Bulgaria, Sri Lanka and Costa Rica, according to data from the World Bank.



Apple Builds Cash, and Questions Begin -

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