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Apple's market cap tops $300 billion

tech.fortune.cnn.com

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Re: Apple's market cap tops $300 billion

#3
post #2

Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.

They've said on various finance calls that they want it available to make some large acquisitions and do the big parts contracts.

Re: Apple's market cap tops $300 billion

#5
post #2

Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.

They have $25B in cash or short term investments sitting around ($11B in cash or equivalents): http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii

They have invested pretty heavily in facilities/equipment, growing from $2.8B to $7.2B over the past four years. I'd imagine that's stuff like their giant new data center and partnership agreements in their Asian operations. Where they really bulked up is "Long Term Investments". None four years ago, $25B today (and just $10B last year). Unsure what that would entail...

Re: Apple's market cap tops $300 billion

#6
post #5
post #2

Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.

They have $25B in cash or short term investments sitting around ($11B in cash or equivalents): http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii They have invested pretty heavily in facilities/equipment, growing from $2.8B to $7.2B over the past four years. I'd imagine that's stuff like their giant new data center and partnership agreements in their Asian operations. Where they really bulked up is "Long Term Inve…

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

Re: Apple's market cap tops $300 billion

#7
post #2

Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.

Microsoft had a similar problem, but they solved it by creating an Online Services Division.

Re: Apple's market cap tops $300 billion

#8
post #6
post #5

Earlier quoted context omitted.

They have $25B in cash or short term investments sitting around ($11B in cash or equivalents): http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii They have invested pretty heavily in facilities/equipment, growing from $2.8B to $7.2B over the past four years. I'd imagine that's stuff like their giant new data center and partnership agreements in their Asian operations. Where they really bulked up is "Long Term Inve…

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

Unless Apple lied in their SEC filings and in doing so risked jail time for high level executives, I think you're mistaken. There are different designations for assets, but the "Cash and Short Term Investments" portion is $25B. Cash makes up $11.2B of that total. They have a little over $75B in total assets, which counts some less liquid assets like property and long term investments.

Re: Apple's market cap tops $300 billion

#9
post #6
post #5

Earlier quoted context omitted.

They have $25B in cash or short term investments sitting around ($11B in cash or equivalents): http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii They have invested pretty heavily in facilities/equipment, growing from $2.8B to $7.2B over the past four years. I'd imagine that's stuff like their giant new data center and partnership agreements in their Asian operations. Where they really bulked up is "Long Term Inve…

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

50B in the bank? They must be buying Facebook.

Re: Apple's market cap tops $300 billion

#10
post #2

Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.

They've said on various finance calls that they want it available to make some large acquisitions and do the big parts contracts.

Interesting, thanks for sharing. I just recall reading articles that made it sound like executives or board members were tearing their hair because of it. Must have been the journalists' mistake.
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