360° Coverage : Apple Continues To Stockpile Cash

Apple Continues To Stockpile Cash

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

Apr 4 2014, 12:05am CDT | by

Apple Continues To Stockpile Cash
Photo Credit: Getty Images

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

 
 
 

<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.

 

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