Thursday, July 21, 2011

Apple Builds Cash, and Questions Begin - WSJ.com

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.

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Apple Builds Cash, and Questions Begin - WSJ.com

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