Apple Cash: Swimming Pools of Money
Say what you will about the Mac and iPhone, but cash is king. When it comes to corporate holdings, Apple cash rules them all. In fact, Cupertino has more coin than most countries.
BusinessInsider, quoting a US Trust study, reports that the Apple cash hoard stands at $159 billion, which is significantly more than any other corporation and most nation states.
“Amid a world of uncertainty, one thing is without question: Most US corporations have plenty of capital at their disposal,” said US Trust’s Joseph Quinlan. “Indeed, capital is in abundance among America’s largest nonfinancial companies, with Moody’s noting that US firms were sitting on some $1.6 trillion in cash at the end of 2013, a 12 percent increase from a year ago. The latest figure is nearly double the level of 2008, signaling the extent by which US firms have built out their cash positions over the post-crisis period.”
To put that into perspective, corporate America’s $1.6 trillion in cash surpasses those of Japan’s meager $1.2 trillion, though still smaller than China’s $4 trillion.
So Apple cash is king? In the corporate world, yes. However, having acquired oceans of filthy lucre, China and Japan are the true masters of the universe…
What’s your take?