Apple’s profit may have turned heads. But it’s the cash that really matters now.
The digital gadget maker ended the first calendar quarter with $33 billion in cash and short-term investments and $160.4 billion in long-term investments. That means the company has $194 billion in cash and investments, which is more than any other non-financial company in the Standard & Poor’s 500 – by a mile. Apple’s cash and investments in the quarter rose 8.6% from the quarter ended in December – making it the stock market’s version of a money tree.
At $194 billion, Apple has more cash and investments than Microsoft and Google combined. Apple has stored much of its cash in Treasury securities and other long-term investments, so including investments in addition to cash is the best way to get a clean comparison of sheer financial firepower… see more