« previous next »
Pages: [1] 2 3   Go Down

Author Topic: Apple currently holding more cash than....  (Read 1081 times)

Offline Furball

  • Plutonium Member
  • *******
  • Posts: 15781
Apple currently holding more cash than....
« on: July 30, 2011, 05:58:34 AM »
http://www.bbc.co.uk/news/technology-14340470

Quote
Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple's most recent financial results put its reserves at $76.4bn.
Logged
I am not ashamed to confess that I am ignorant of what I do not know.
-Cicero

-- The Blue Knights --

Offline F22RaptorDude

  • Persona Non Grata
  • Gold Member
  • *****
  • Posts: 3641
Re: Apple currently holding more cash than....
« Reply #1 on: July 30, 2011, 11:20:08 AM »
lol Obama has an iPad thats awesome, would make me want one if I wasn't happy with my android and its market  :devil
Logged
Reaper in a T-50-2 Scout tank in 10 seconds flat

Offline MaSonZ

  • Gold Member
  • *****
  • Posts: 2074
Re: Apple currently holding more cash than....
« Reply #2 on: July 30, 2011, 05:42:47 PM »
in its reserves... what in the world fdo they need 76.4 billion in reserve for?
Logged
"Only the dead have seen the end of war" - Plato
HogDweeb

Offline Karnak

  • Radioactive Member
  • *******
  • Posts: 23048
Re: Apple currently holding more cash than....
« Reply #3 on: July 30, 2011, 06:30:11 PM »
Quote from: MaSonZ on July 30, 2011, 05:42:47 PM
in its reserves... what in the world fdo they need 76.4 billion in reserve for?
Apple has been sued by investors in the past for sitting on reserves like that instead of issuing dividends.  I don't know if the lawsuits were successful or not, though looking at the current reserves I'd guess not.
Logged
Petals floating by,
      Drift through my woman's hand,
             As she remembers me-

Offline flight17

  • Silver Member
  • ****
  • Posts: 1612
Re: Apple currently holding more cash than....
« Reply #4 on: July 30, 2011, 11:19:55 PM »
apple stocks are currently ~400 dollars a share right now
Logged
119th Riffle Tank Regiment leader -Red Storm Krupp Steel Scenario

Active Member of Air Heritage Inc. http://airheritage.org/

Offline ZetaNine

  • Persona Non Grata
  • Silver Member
  • ****
  • Posts: 1685
Re: Apple currently holding more cash than....
« Reply #5 on: July 30, 2011, 11:21:16 PM »
steve jobs for president !!
Logged

Offline phatzo

  • Gold Member
  • *****
  • Posts: 3734
      • No Crying
Re: Apple currently holding more cash than....
« Reply #6 on: July 30, 2011, 11:23:00 PM »
Quote from: ZetaNine on July 30, 2011, 11:21:16 PM
steve jobs for president !!
Mike Rowe as VP
Logged
No thank you Turkish, I'm sweet enough.

Offline CHAPPY

  • Silver Member
  • ****
  • Posts: 855
Re: Apple currently holding more cash than....
« Reply #7 on: July 31, 2011, 07:34:36 AM »
Casey Anthony for Secretary of State.
Logged

Offline F22RaptorDude

  • Persona Non Grata
  • Gold Member
  • *****
  • Posts: 3641
Re: Apple currently holding more cash than....
« Reply #8 on: July 31, 2011, 07:54:46 AM »
Quote from: CHAPPY on July 31, 2011, 07:34:36 AM
Casey Anthony for Secretary of State.
:huh
Logged
Reaper in a T-50-2 Scout tank in 10 seconds flat

Offline RTHolmes

  • Plutonium Member
  • *******
  • Posts: 8260
Re: Apple currently holding more cash than....
« Reply #9 on: July 31, 2011, 08:11:50 AM »
Quote from: MaSonZ on July 30, 2011, 05:42:47 PM
in its reserves... what in the world fdo they need 76.4 billion in reserve for?

apple have always kept large cash reserves which is a pretty conservative strategy, and rather unfashionable these days. it provides a large safety barrier and gives them an advantage when it comes to takeovers and acquisitions, especially in the last few years with the debt market problems. contrast that approach with the bulk of dotcoms which have $0 revenues, $0 assets and market caps of $10-100m ...
Logged
71 (Eagle) Squadron

What most of us want to do is simply shoot stuff and look good doing it - Chilli

Offline MaSonZ

  • Gold Member
  • *****
  • Posts: 2074
Re: Apple currently holding more cash than....
« Reply #10 on: July 31, 2011, 09:43:58 AM »
Quote from: CHAPPY on July 31, 2011, 07:34:36 AM
Casey Anthony for Secretary of State.
+1



 :bolt:




Quote from: RTHolmes on July 31, 2011, 08:11:50 AM
apple have always kept large cash reserves which is a pretty conservative strategy, and rather unfashionable these days. it provides a large safety barrier and gives them an advantage when it comes to takeovers and acquisitions, especially in the last few years with the debt market problems. contrast that approach with the bulk of dotcoms which have $0 revenues, $0 assets and market caps of $10-100m ...
by "takeover and acquisitions" you mean buying out other companies? if so... thats a rather monopolistic move, and i am in the furthest corner away from that.
Logged
"Only the dead have seen the end of war" - Plato
HogDweeb

Offline RTHolmes

  • Plutonium Member
  • *******
  • Posts: 8260
Re: Apple currently holding more cash than....
« Reply #11 on: July 31, 2011, 10:01:23 AM »
they buy technology (generally in the form of patents) and the vehicle for the tech is a company. also plenty of manufacturing investments to safeguard their supply chain. acquisitions are standard practice for even for SMEs.
Logged
71 (Eagle) Squadron

What most of us want to do is simply shoot stuff and look good doing it - Chilli

Offline guncrasher

  • Plutonium Member
  • *******
  • Posts: 17425
Re: Apple currently holding more cash than....
« Reply #12 on: July 31, 2011, 02:56:05 PM »
is it actually in cash?  gold?  other company's stock? savings account?


semp
Logged
you dont want me to ho, dont point your plane at me.

Offline RTHolmes

  • Plutonium Member
  • *******
  • Posts: 8260
Re: Apple currently holding more cash than....
« Reply #13 on: July 31, 2011, 02:58:47 PM »
a mix of cash (instant access deposits) and short- and longterm securities, about an equal split iirc.



edit: they are carrying massive reserves even for apple atm, expect some MAJOR acquisitions sometime soon ...  :headscratch:
« Last Edit: July 31, 2011, 03:01:45 PM by RTHolmes »
Logged
71 (Eagle) Squadron

What most of us want to do is simply shoot stuff and look good doing it - Chilli

Offline Tyrannis

  • Persona Non Grata
  • Gold Member
  • *****
  • Posts: 3931
Re: Apple currently holding more cash than....
« Reply #14 on: July 31, 2011, 03:19:04 PM »
Maybe they plan on buying the U.S goverment?
 :noid
Logged
Pages: [1] 2 3   Go Up
« previous next »