360° Coverage : Apple Continues To Stockpile Cash

1 Updates
Apple Continues To Stockpile Cash
Photo Credit: Getty Images

Apple Continues To Stockpile Cash

Apr 4 2014, 12:05am CDT | by

Apple’s cash reserves are reaching new highs that are above what most other companies are worth

Apple as a company is worth a lot of money. They have produced many of the best selling products of all time and they traditionally charge more than many people are willing to pay. That doesn’t mean...

Filed under: rumors

YouTube Videos

 
 
 

19 weeks ago

Apple Continues To Stockpile Cash

Apr 4 2014, 12:05am CDT | by

Apple’s cash reserves are reaching new highs that are above what most other companies are worth

Apple as a company is worth a lot of money. They have produced many of the best selling products of all time and they traditionally charge more than many people are willing to pay. That doesn’t mean that they don’t have a huge amount of cash sitting around.

In 2004, Apple had $5.4 billion in cash holdings. Currently, they have $158.8 billion in holdings. That puts them ahead of all of the other major companies that are currently operating. Behind Apple is Microsoft, Google, and Verizon, although they are far and away the leader.

What does that mean, though? Many times companies have their major shares of holding in stocks and run into problems if they try to acquire other companies. By holding such large cash reserves, they are able to more freely make decisions without having to worry about finding funds elsewhere. That is what Apple is currently doing as they start to make moves to acquire companies that will help them continue their innovations in a major way.

With the release of new products coming out later in the year, it is expected that this reserve is only going to increase exponentially. This kind of growth is something that few other companies have been able to do, but Apple also manages to do it on a schedule that is trackable based on release patterns.

Source: cultofmac

 

Don't miss ...

 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Is your college going kid more active on weekends?
New York, Aug 20 (IANS) Parents always suspect that their college going kids prefer weekends to weekdays. Now there is proof that college graduates are more active on weekends compared to non-college goers.
 
 
How brain can multitask better
Toronto, Aug 20 (IANS) Cooking while having a conversation, watching a movie while browsing the Web, or driving while listening to a radio show - multitasking is an essential skill in our daily lives. Make it better now.
 
 
NASA's Mars rover stuck in 'Hidden Valley'
New York, Aug 20 (IANS) NASA's Mars Rover Curiosity may have to find a new route to its destination Mount Sharp after getting stuck in sand in the "Hidden Valley".
 
 
New species of non-venomous snake discovered in Brazil
Brasilia, Aug 20 (IANS/EFE) Scientists from four Brazilian institutions have announced the discovery of a new species of non-venomous snake that inhabits the savannas in the central part of the country.
 
 
 

Latest from the Network

Kanye West ditches fried chicken for smoothies
Kanye West has ditched fried chicken in favour of three smoothies a day. The 37-year-old rapper has been banned from eating calorific treats, such as macaroni and cheese and mouth-watering chicken covered in batter, as...
Read more on Celebrity Balla
 
Justin Bieber sued by photographer
Justin Bieber is being sued by a photographer. The 'Believe' hitmaker reportedly destroyed Aja Oxman's camera after ordering his bodyguard to ''do whatever he had to'' to get the paparazzo's memory card after he took a...
Read more on Celebrity Balla
 
P. Diddy set up French and Khloe
P. Diddy set up Khloe Kardashian and French Montana. The 'Don't Panic' rapper insists rumors his girlfriend's brother-in-law Kanye West - who has 14-month-old daughter North with Khloe's sister Kim - introduced him to...
Read more on Celebrity Balla
 
Ellen DeGeneres' ex-boyfriend speaks out
Ellen DeGeneres' former boyfriend is convinced they'd still be close if she was still in her home town. The 56-year-old talk show host - who is married to actress Portia de Rossi - dated Ben Heath for two years until he...
Read more on Celebrity Balla
 
Coldplay will have to pay to play at Super Bowl?
Coldplay will reportedly have to pay the NFL if they want to perform at the Super Bowl. The 'A Sky Full of Stars' hitmakers are among a list of artists said to be in talks with The National Football League to perform...
Read more on Celebrity Balla
 
Germany to supply arms to Kurdish fighters
Berlin, Aug 20 (IANS) Germany is prepared to supply weapons to Kurds in northern Iraq,announced Foreign Minister Frank-Walter Steinmeier Defence Minister Ursula von der Leyen jointly announced Wednesday Wednesday after...
Read more on Politics Balla
 
PTI agrees for talks with Pakistani government (Third Lead)
Islamabad, Aug 20 (IANS) The Pakistan Tehreek-i-Insaf (PTI) has agreed to talks with the government over alleged rigging of the 2013 general elections, a media report said. Senior PTI leader Shah Mehmood Qureshi told...
Read more on Politics Balla
 
Black Friday 2014 is Less than 100 Days Away
Black Friday 2014 is less than 100 days away. When is Black Friday 2014? Black Friday 2014 is on November 28th. Of course the Black Friday sales start already weeks before the actual Black Friday. Which means the first...
Read more on Black Friday Countdown
 
47 arrested in US town after fresh riots
Washington, Aug 20 (IANS/EFE) Forty-seven people were arrested overnight in Ferguson in the US state of Missouri after protestors hurled bottles at police in fresh outbreak of violence over the shooting death of an...
Read more on Politics Balla
 
Is your deodorant making your armpits smell worse?
New York, Aug 20 (IANS) Deodorants and antiperspirants are being more widely used and advertised than ever before, but did you know that they may actually make you smell worse in the long run? According to a study,...
Read more on Celebrity Balla