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Apple Increases Cash Reserve to $117 Billion, Remains Most Valuable Company in the World

Posted in Apple, News on 24/07/2012 by J. Glenn Künzler

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Following the release of their Q3 2012 earnings report, Apple announced during their quarter earnings conference call that they now have a whopping $117 billion is cash reserves, compared to the $110 billion reported last quarter.

The $7 billion increase comes despite Apple’s decision to begin offering a dividend, and represents continued strong sales and demand for almost all of their products, as well as overall increased consumer spending.

There can be little doubt that, while Apple’s earnings might not have been as high as Wall Street expected, the company is still doing extremely well. AAPL closed with a market cap of 561.90B, and remains the most valuable company in the world.



Author

J. Glenn Künzler

Glenn is Managing Editor at MacTrast, and has been using a Mac since he bought his first MacBook Pro in 2006. Now he's up to his neck in Apple, and owns an old iBook, a 2012 iMac with an extra Thunderbolt display for good measure, a 4th-generation iPad, an iPad mini, 2 iPhones, and a Mac Mini that lives at the neighbor's house. He lives in a small town in Utah, enjoys bacon more than you can possibly imagine, and is severely addicted to pie.