Infographic: Apple’s Cash Can Bailout Greece
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Last week, Apple released its first quarter earnings to the public, overturning a December 4.2 percent decline into a 4.4 percent gain. Thanks to rocketing sales of its iphone and ipads, Apple’s 116 percent profit growth boosted its cash holdings to $97.6 billion – an amount sufficient to cover Greece’s debt payments for the next two years.
Apple is undoubtedly the most valuable public company in the world, beating the likes of Google and ExxonMobil at $400 billion. But how much cash does it have on hand?
Last week, Apple released its first quarter earnings to the public, overturning a December 4.2 percent decline into a 4.4 percent gain. Thanks to rocketing sales of its iphone and ipads, Apple’s 116 percent profit growth boosted its cash holdings to $97.6 billion – an amount sufficient to cover Greece’s debt payments for the next two years.
Apple is undoubtedly the most valuable public company in the world, beating the likes of Google and ExxonMobil at $400 billion. But how much cash does it have on hand?
When Economy Watch reported Apple’s cash holdings last June, Apple had just $29.4 billion in cash, trailing behind China Mobile’s $51.1 billion. Today, Apple is sitting on $97.6 billion in cash, a remarkable 231.9 percent surge.
This infographic highlights Apple’s stellar quarterly performance, and what these numbers really mean.
Slideshow: The Most Valuable Brands in China: Big At Home, Unknown Abroad
In Pictures: American Companies Sitting Atop A Pile Of Cash
Related Story: Paradox of Thrift: Hoarding Cash In Corporate America
Created by: MBA Online
