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Apple have a nice $74 billion stashed overseas

Apple are hoarding cash overseas, now have $74 billion sitting overseas

Anthony Garreffa | Jul 10, 2012 at 6:27 am CDT (0 mins, 34 secs time to read)

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.

Apple have a nice $74 billion stashed overseas | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:27 am CDT

NEWS SOURCE:electronista.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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