Apple $261 billion cash reserve more than at least 100 countries; Twitterati has ideas on what it can do with that money

By: |
August 02, 2017 6:22 PM

Apple has managed to rake in $45.4 billion in the June quarter and the company now reportedly has over $261 billion in cash reserve.

apple, apple cash, apple cash reserve, apple cash pile, apple $261 billion, apple billion dollar, apple $, apple money, apple iphone, apple ipad, apple revenue, apple results, apple Q3, apple quarter three, apple third quarter, apple turnover, apple cash comparisonApple can buy other tech majors like Uber, Tesla, Netflix, Airbnb and Twitter, “…and still have $29 billion left”, one user said.

Apple has just announced what it has earned in the third quarter and the results are good for the company. The tech giant managed to rake in $45.4 billion in the June quarter and the company now reportedly has over $261 billion in cash reserve. According to Vala Afshar, Chief Digital Evangelist at Salesforce, with this money, Apple can buy other tech majors like Uber, Tesla, Netflix, Airbnb and Twitter, “…and still have $29 billion left”. When Apple announced the earnings, it got social media buzzing about the fact that Apple has a mountain of cash. The cash pile is a result of huge profits Apple has gained from selling iPhones, iPads and apps. Meanwhile, the company has also made investments in other ventures as well as made many acquisitions. Apple is also known for rolling out a lot of money for research and development too.

Interestingly, Apple informed that 94 percent of that cash was stored outside of the US. This maybe because the money is subjected to US taxes, but with President Donald Trump promising a tax holiday, Apple may be lured in to put a lot of the cash in the country itself. Questions are flooding the internet on what Apple will do with the money, whether it will help boost economies, or if it will use it instead of rewarding shareholders with dividends. Meanwhile, there are a lot of funny reactions on this, which Twitter users have used their creativity for. People have even compared the cash Apple has with the cash reserve of many countries. So spare reality for a moment and checkout the hilarious reactions on Apple’s massive cash pile:

Also read | Apple earnings boosted by 1.2 billion iPhone sale, but it is the iPad which beat all expectations

Apart from all these, there are other ideas too on what Apple can do with $261 billion cash: give away 300 million iPhones, buy the world’s most expensive footballer (Paul Pogba) over 2000 times, give away $35 to each person on the planet, and more.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Realme Narzo 50A, Realme Narzo 50i launched in India: Check features, price
2iPhone 13 series decoded: Hands-on, first impressions and everything to know about Apple’s latest iPhones
3Twitter expands Tips globally with Bitcoin support, looks to bring recording, replaying options to Spaces