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Apple have a nice $74 billion stashed overseas

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

By Anthony Garreffa from Jul 10, 2012 @ 6:27 CDT

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.

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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.

NEWS SOURCES:Electronista.com


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