Apple now has 246.09 billion dollars in the bank. What are you doing with your life?
Apple has so much money now, it's basically the Pablo Escobar of consumer eletronics. The iPhone maker closed the first quarter of 2017 with a $246.09 billion cash reserve, up $8.49 billion from a year ago.
We wish we knew how this much money looked like in real life so we could laugh at the ridiculousness of it all, but then again, having these stacks on hand is no laughing matter. It may seem like unlimited money, but Apple still can't afford to buy Microsoft at its $500 billion market value. Still, it can, theoretically, buy Sri Lanka.
Of course, Apple is cautious about acquisitions and other big spending, as bringing billions of dollars to the US from foreign banks can be quite the tax hit. This could change if president Trump and the Congress follow up on their intent to change the rules for repatriation, which CEO Tim Cook said would be "good for the country and Apple." You don't say!
So, yeah, Apple made this much money selling phones, with some tablets, computers, and music players on the side. What are you doing with your life? Oh, you started a drop-shipping business on Amazon selling China-import scuba gear in season colors? Great, good for you...
source: CNBC
We wish we knew how this much money looked like in real life so we could laugh at the ridiculousness of it all, but then again, having these stacks on hand is no laughing matter. It may seem like unlimited money, but Apple still can't afford to buy Microsoft at its $500 billion market value. Still, it can, theoretically, buy Sri Lanka.
So, yeah, Apple made this much money selling phones, with some tablets, computers, and music players on the side. What are you doing with your life? Oh, you started a drop-shipping business on Amazon selling China-import scuba gear in season colors? Great, good for you...
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source: CNBC
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