Click to Skip Ad
Closing in...

Apple’s $147 billion cash pile accounts for 10% of all U.S. corporate cash

Published Oct 2nd, 2013 5:35PM EDT
Apple Cash Reserves $147 Billion

So it seems as though Apple has been doing pretty well for itself over the past few years. Per The Wall Street Journal, Moody’s now estimates that Apple’s cash pile of $147 billion accounts for roughly 10% of the $1.48 trillion in cash held by non-financial American companies. What makes this particularly impressive is that Apple’s cash reserves have actually grown by 9.5% since the end of last year even though the company has been spending billions of dollars on its share buyback program. Also of note: Apple’s cash pile is nearly twice the size of Microsoft’s, which has the second highest cash pile among non-financial U.S. companies with $77 billion.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.