Apple handed a brand new milestone Tuesday — reporting more than $256 billion in cash and marketable securities. That’s loads of iPhones and iPads, however maybe more notably, it’s more cash than fellow tech giants Microsoft, Google dad or mum Alphabet and Amazon combined.
The rising cash pile reveals simply how a lot of a monetary juggernaut Apple stays, whilst sales of its flagship iPhones and iPads slipped in the latest quarter.
GeekWire’s chart above offers a snapshot of revenues, income and cash balances amongst these 4 corporations as of the tip of the primary calendar quarter.
Within the cash rankings, Microsoft is second amongst these 4 corporations, with $126 billion in cash and equivalents. Alphabet, the Google dad or mum, has $92 billion in cash, and Amazon is available in at $22 billion among the many 4.
(We should always be aware that these corporations are chosen by us for functions of illustration. This isn’t meant to be a complete rating of tech cash holdings. See this Moody’s data from last year for a more complete rating of company cash holdings.)
Fb, which studies first-quarter earnings Wednesday afternoon, had $29.45 billion in cash, equivalents and marketable securities in its year-end report.
Apple prolonged its plan to return capital to shareholders by an additional $50 billion as a part of its earnings announcement, via dividends and share buybacks. Nevertheless, the corporate faces pressure from some shareholders to place the cash to make use of for one thing more aggressive, comparable to blockbuster acquisitions to gasoline the way forward for its enterprise.
Alongside these strains, the Wall Avenue Journal is having enjoyable imagining the chances for all that cash, with this interactive graphic exhibiting what number of corporations somebody may purchase outright with Apple’s cash.