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Apple’s Cash Reserves Grow to $137.1 Billion

Posted in Apple, News on 24/01/2013 by J. Glenn Künzler

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Apple revealed a lot of interesting tidbits during their quarterly earnings call yesterday (which was the largest corporate earnings year of all time). Among them, the company revealed that they now have a whopping $137.1 billion in cash reserves. To put that into perspective, that’s more than the profits of all 5 of the top oil companies combined for all of 2012!

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The figure represents a 12.9-percent increase over their last reported cash reserve value of $121.3 billion. Apple will use some of that cash to pay investors a $2.65 per share dividend – but even with that, the company is bringing in money far faster than they can spend it.

Just don’t tell all of those analysts and investors who are “disappointed” with Apple’s all-time record quarter. Apple is doomed, remember?



J. Glenn Künzler

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.