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Apple's $147 billion cash pile totals 10% of total US corporate cash

Apple is the tech equivalent of Scrooge McDuck, with its $147 billion cash pile totalling 10% of US corporate cash
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Oct 3, 2013 12:32 pm

Apple currently enjoys swimming through its $147 billion pile of cash, with Moody estimating that Apple's massive pile of cash represents around 10% of the $1.48 trillion in cash held by non-financial American companies.

 

apple_s_147_billion_cash_pile_totals_10_of_total_us_corporate_cash_06

 

This is a huge number, something that should make your head spin. Apple's cash reserves have actually grown since the end of last year, by around 9.5%. Apple has been spending billions of dollars in the meantime, with its cash pile still nearly double that of Microsoft's.

NEWS SOURCES:Bgr.com

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