Apple has an amazing $121.3 billion in cash in their Scrooge McDuck-like cash vaults, a jump of $4.1 billion from just three months ago. Their cash on hand amounts to more than Amazon’s entire market cap!
Amazon’s market capitalization ticks at $100.77 billion today. And many of what you could consider big tech companies have a smaller market cap. Yahoo’s market cap is $19.68 billion, Facebook’s is $48.33 billion. And let’s not compare to Dell or HP who have a $16.03 billion and $27.90 billion market cap.
How much longer can Apple continue to accrue this amazing pile-o-cash? What can it do with it?
We know Apple isn’t a go-getter when it comes to grabbing up other companies, over the years, it’s been very selective. Lala, Chomp and Siri are among the handful of companies Apple has acquired in the past.
The amazing thing is that even as Apple’s cash pile grows, its stock continues to rise even more! So, as the chart below shows, its cash versus market cap is slowly going down. Currently it’s enormous cash cache only amounts to a little more than 20 percent of its massive $571.38 billion market cap.