Apple now has 246.09 billion dollars in the bank. What are you doing with your life?

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...

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source: CNBC

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51 Comments

1. trojan_horse

Posts: 5868; Member since: May 06, 2016

"Apple now has 246.09 billion dollarsin the bank. What are you doing with your life?" I don't give a f**k about Apple's money. My life is private.

7. Unordinary unregistered

So you comment, cus you clearly give zero f**ks.... LMAO

17. trojan_horse

Posts: 5868; Member since: May 06, 2016

Are you implying that because I commented, it means that i care? I commented to address the question: "what are you doing with your life". A non-Apple fan won't care about Apple's money. You lack logic, as usual.

32. diggie32

Posts: 388; Member since: Apr 03, 2016

Nice Mario Kart 8 logo avatar

39. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

Yes they would. I've seen a lot of non-Apple users talking about Apple not using that money to build so-called better iPhones (ignoring the fact that iPhones are the best phones they could be), but I've not seen many Apple users being so obsessed about Apple's money...

41. trojan_horse

Posts: 5868; Member since: May 06, 2016

"Apple users being so obsessed about Apple's money..." So, you've never seen duds like cnour, ctdog and piyath be obsessed about Apple's profits? Besides, I can confidentially say that the majority of non-Apple fans do not care about Apple's money. My point still stands.

42. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

No. If they don't care, why do they post messages, dissing Apple for not investing money in what they call "innovation", asking for cheaper iPhones etc?

43. trojan_horse

Posts: 5868; Member since: May 06, 2016

"If they don't care, why do they post messages, dissing Apple for not investing money in what they call "innovation", asking for cheaper iPhones etc?" I'm faily certain that the majority of non-Apple fans on this site do not post comments dissing Apple for not investing it's money in what they call "innovation". And hey, those aforementioned Apple diehards have bragged about Apple's profits, don't say you aren't aware of Apple fana doing that. Besides, when I see non-Apple users dissing Apple for not investing it's money in innovation so as to make it's money worth being proud of, is usually said so in context of rebuttal to iFans bragging about Apple's profits. That is by no means an indication of them non-Apple fans caring about Apple's money, because they should logically not care, since they obviously aren't Apple users.

46. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

Do you have a problem with the keyboard? I don't understand most of your rambling. When you'll learn that the profits and the number of units sold have nothing to do with the quality of a product and that Apple is not your enemy just because it makes a lot of money in the mobile business, we'll all be having better conversations.

48. trojan_horse

Posts: 5868; Member since: May 06, 2016

"When you'll learn that the profits and the number of units sold have nothing to do with the quality of a product and that Apple is not your enemy just because it makes a lot of money in the mobile business, we'll all be having better conversations." I fail to see the point of telling me that, as I am definitely not part of the non-Apple fans who talk or care about Apple's money. Pointless.

51. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

If you are not part of them, you shouldn't be affected by what I have said.

12. adi90

Posts: 554; Member since: Dec 21, 2015

Generally I have seen people taking pride for corporations of the home country. But it is strange to see US citizens hating apple so much. Or maybe I am confused about most of the people on phonearena for being american.

44. mafijoco

Posts: 10; Member since: Sep 26, 2013

Because they hardly pay taxes almost scamming common ppl

47. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

If they don't pay taxes, it's the government's fault because that don't impose those taxes or are corrupt, which is also people's fault for voting stupid and corrupt politicians. If they scam people, there are courts of Justice where people can make them pay back the money the owe.

2. SleeperOne

Posts: 370; Member since: Feb 25, 2017

Caring about how rich Apple is is like giving a s**t about whatever happens in the Kardashian household. You have absolutely nothing interesting to share with us.

3. SleeperOne

Posts: 370; Member since: Feb 25, 2017

Also that last bit: "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..." Good to know Luis D. credits himself as a funny individual, since nobody else ever could, or ever will.

33. diggie32

Posts: 388; Member since: Apr 03, 2016

Butthurt dropshipper?

4. parasshah100

Posts: 70; Member since: Jan 01, 2016

Are you taking pride in Apple's money? How absurd is that, Let me remind you... Its NOT YOUR MONEY, its Apple's! If you work at Apple, awesome for you, if you have stock at Apple, great. But if you tell you feel great by making apple richer by 700 usd every year, I feel sorry for you. True Sheep.

5. trojan_horse

Posts: 5868; Member since: May 06, 2016

"But if you tell you feel great by making apple richer by 700 usd every year, I feel sorry for you. True Sheep." Yea, asking us what we're doing with our lives because Apple now has 249 billion in the bank... If that isn't classic fanboyism, then I wonder what it is!

6. Supah

Posts: 692; Member since: Mar 08, 2017

Hey Luis, don't forget that you only write for PA LOL

10. luis.d

Posts: 354; Member since: Dec 04, 2013

Not remotely true. I also write awkward Tinder openers!

13. Supah

Posts: 692; Member since: Mar 08, 2017

That's great! Keep up the good work!

8. Sakeem

Posts: 857; Member since: Sep 05, 2012

Hmmm.....let's see....Husband, father, son, friend, professional, no where near a billionaire but not living check to check either thankfully. I'd say what I'm doing with my life is pretty sweet.

9. BLUEBLASTER

Posts: 915; Member since: Feb 23, 2014

"What are you doing with your life?" Reading pointless articles like this one?

11. k9luvr

Posts: 122; Member since: Oct 17, 2016

"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." Yeah I'm sure it's going to make you and I rich. I just can't wait.

14. htcisthebest

Posts: 434; Member since: Nov 15, 2011

They won't do much with that money, except for reaping customers even more. They even underpay their engineers compared to major competitors.

15. jeroome86

Posts: 2314; Member since: Apr 12, 2012

Oh no. Why PA ?

16. razmahtaz001

Posts: 501; Member since: May 11, 2013

except for not having many luxury cars and a big mansion of a home, im doing great ;o)...im not struggling paycheck to paycheck. who said you need to have a billion dollars to be happy? i guess its ok that you're full of joy for apple having billions of dollars LOL there are many billionaire individuals and corporations that are investing in helping the world for the homeless, medicine, science, and space exploration...what is apple doing...hiding their cash stash LOL

40. Leo_MC

Posts: 6716; Member since: Dec 02, 2011

You should check facts before taking. Apple is amongst the most involved corporations into protecting the environment, it's CEO donates large sums of money to charity etc.

18. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

Dayummmmm Apple! Can a brotha get a couple bucks???

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