Apple’s $147 billion cash pile accounts for 10% of all U.S. corporate cash
So it seems as though Apple has been doing pretty well for itself over the past few years. Per The Wall Street Journal, Moody’s now estimates that Apple’s cash pile of $147 billion accounts for roughly 10% of the $1.48 trillion in cash held by non-financial American companies. What makes this particularly impressive is that Apple’s cash reserves have actually grown by 9.5% since the end of last year even though the company has been spending billions of dollars on its share buyback program. Also of note: Apple’s cash pile is nearly twice the size of Microsoft’s, which has the second highest cash pile among non-financial U.S. companies with $77 billion.
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This article was originally published on BGR.com
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