Tech content trusted by users in North America and around the world
6,729 Reviews & Articles | 46,219 News Posts

Apple have a nice $74 billion stashed overseas

Apple are hoarding cash overseas, now have $74 billion sitting overseas
| Business, Financial & Legal News | Posted: Jul 10, 2012 11:27 am

Just a quick one for Apple, according to an analyst at Moody's Investor Services, Apple are at the very top of the list of technology companies who are hoarding money overseas. It has been reported that the company behind the iPad, iPhone and many other money-makers, has $74 billion overseas.




Twelve months ago, Apple had $64 billion sitting overseas, but in the past year this number has expanded by $10 billion to $74 billion total. Tech companies with $2 billion or more in cash and liquid investments are said to hold around $227.5 billion overseas.


The second company to Apple with money overseas? Microsoft with $50 billion. Cisco comes in third with $42.3 billion, and Oracle in fourth place with $25.1 billion.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases