Tuesday, 10 November 2015

Apple has $137.1 Billion in cash

Apple has $137.1 billion in cash reserves, according to the company's recent first-quarter earnings , with $94 billion is stored offshore. If Apple wants to repatriate this cash, it will have to pay huge amounts in taxes and would lose a significant percent overall. 
For now, Apple's just sitting on it. Doing nothing. Nada.

An investor launched sued Apple after it announced plans to get rid of "black check preferred stock" instead of cold, hard cash. This led to Apple stating that is in "active discussions about returning additional cash to shareholders." 
Read More: ZDNet
Caption by: Zack Whittaker