Apple's Cash Hoard Grows to $250 Billion, Most of It Overseas - WSJ
Ahead of this week’s earning call, Apple’s expected to announce it’s sitting on a cash hoard of $250 billion. The number was first announced by The Wall Street Journal.
Of the $250 billion, 90 percent is parked overseas, which could be good news given today’s political environment. President Donald Trump hopes to slash business taxes and grant a one-time tax holiday for corporate cash brought home.
“Those policies could ratchet up pressure on the tech giant to dole out more money to shareholders or make splashy acquisitions,” according to the report.
How big is $250 billion? The cash hoard is bigger than the market value of Wal-Mart and Procter & Gamble Co. It’s also bigger than the foreign-currency reserved held by the United Kingdom and Canada.
How would you like to see Apple spend this cash?
Apple’s Q2 2017 earnings call will take place on Tuesday, May 2 at 2 p.m. PDT. You can access it via audio webcast at this link. Live streaming uses Apple’s HTTP Live Streaming (HLS) technology. HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.
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