Apple’s cash pile crosses $200 billion for the first time

Apple has just announced record quarterly earnings with $10.7 billion of operating profit. This revenue accumulation has resulted in Apple’s biggest ever cash hoard, now standing at $202 billion dollars. This is up from the record $194 billion level reported in the previous quarter and despite Apple giving away $13 billion to shareholders through its capital returns program.

In general, having too much money is a good ‘problem’ to have. What shareholders will think of this new...

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