AAPL Earnings: Cash Hoard Swells to New Record
Taking the total of Apple’s cash and cash equivalents, short-term marketable securities and long-term marketable securities, the company’s cash position grew to $137.1 billion, another new record. In comparison, Apple held a total cash position of $97.6 billion a year earlier. As the chart below from Zero Hedge shows, Apple increasing its cash position is business as usual.
Apple’s total cash position, is bigger than the entire market capitalization of Facebook (NASDAQ:FB), Hewlett-Packard (NYSE:HPQ), Dell (NASDAQ:DELL), Pandora (NYSE:P) and Netflix (NASDAQ:NFLX) combined.
“We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”
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