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  • Apple's Cash Horde Grows to Over $81 Billion in Third Quarter


    Apple submitted their Form 10-K filling last Wednesday with the SEC revealing the company has $81.57 billion in cash reserves, up from their previously disclosed $75 billion.

    This doesn't mean Apple is sitting on a cartoon like pile of dollar bills, rather the company has a combination of "cash, cash equivalents and marketable securities" valued at over $80 billion. Apple has added an additional $37.5 billion during 2011.

    Roughly 66% of Apple's cash mountain is kept overseas for tax reasons. But, even with all that money sitting around just waiting to spent in new and exotic ways Tim Cook plans to act responsibly. Their purchasing power is unmatched because of it. To put all that money in perspective the Huffington Post named a few ridiculous things Apple could do with $81.5 billion including paying for the U.S. to gather intelligence for an entire year and send 400,000 people to space.

    Saving money and being responsible is boring. Here are a few ther things Apple’s cash horde could be used to purchase if the company so choosed:
    • 540 million Nintendo 3DSs. Analysts still can’t agree on whether or not this number is large enough to make Nintendo relevant again.
    • Enough money to purchase Netfilx subscriptions for the entire world for one month. Roughly four billion people would be able to get both streaming and 1-DVD out at a time plans. A global reality show would be developed to select those users.
    • Enough to purchase every NFL and NBA franchise and rename the teams after Apps.

    • Eighty of these $1 billion moving island-countries known as “yachts.”






    • Bailout Greece and finally implement Steve Jobs endgame vision of iPeople. It’s in his biography. Read it.
    • More money than the GDP of 132 out of the 193 countries in the world today.

    Things it can’t buy:

    This Farmville farm.



    Source: Huffington Post
    This article was originally published in forum thread: Apple's Cash Horde Grows to Over $81 Billion in Third Quarter started by Phillip Swanson View original post
    Comments 13 Comments
    1. KraXik's Avatar
      KraXik -
      Huffington Post? That's got to be a made up name. Sounds like a newspaper that a teddy bear would read.
    1. CustomSS1's Avatar
      CustomSS1 -
      This is the most random article I've ever read............. I like it
    1. mmaboi21's Avatar
      mmaboi21 -
      Lol I reAlly enjoyed this Phil. Made me smile
    1. DaLsim's Avatar
      DaLsim -
      In that case "why don't apple use that $$$$ to help people, that made apple rich" ****...
    1. confucious's Avatar
      confucious -
      Quote Originally Posted by DaLsim View Post
      In that case "why don't apple use that $$$$ to help people, that made apple rich" ****...
      I agree - they should give me 50% of it (I'm not greedy).
    1. BenderRodriguez's Avatar
      BenderRodriguez -
      Quote Originally Posted by DaLsim View Post
      In that case "why don't apple use that $$$$ to help people, that made apple rich" ****...
      Or just do a drawing everyday where an iPhone 4s gets a text saying you get 2 free apps of your choice today only
    1. rkswat's Avatar
      rkswat -
      Quote Originally Posted by KraXik View Post
      Huffington Post? That's got to be a made up name. Sounds like a newspaper that a teddy bear would read.
      Or my ignorant friend, it could be a name. http://en.m.wikipedia.org/wiki/Arianna_Huffington.

      There is also a linked article by SJ's sister that some of you may like to read : http://www.huffingtonpost.com/mobileweb/2011/10/30/steve-jobs-dead_n_1066211.html
    1. Alwaysonthebolts's Avatar
      Alwaysonthebolts -
      Quote Originally Posted by DaLsim View Post
      In that case "why don't apple use that $$$$ to help people, that made apple rich" ****...
      Cos that's not how capitalism works lol
    1. whereswaldo's Avatar
      whereswaldo -
      Quote Originally Posted by KraXik View Post
      Huffington Post? That's got to be a made up name. Sounds like a newspaper that a teddy bear would read.
      You've never heard of the huffington post?!?
    1. RICO_'s Avatar
      RICO_ -
      Or maybe they could use that money to buy some decent batteries for their 4S owners who claim to have worse battery life from a phone that was supposed to be more efficient.

      Just a thought.
    1. one1's Avatar
      one1 -
      Quote Originally Posted by DaLsim View Post
      In that case "why don't apple use that $$$$ to help people, that made apple rich" ****...
      Why don't you make your own money and quit trying to take from someone who actually earned it.
      .....besides .... A quarter million would pay the mortgage on my house so just drop that in the mail and "I'll" take from YOU even though you have to earn the quarter million over the rest of your time. Good for the goose.....
    1. KraXik's Avatar
      KraXik -
      Quote Originally Posted by rkswat View Post
      Or my ignorant friend, it could be a name. http://en.m.wikipedia.org/wiki/Arianna_Huffington.
      Or my retarded friend, it was a joke. *facepalm*
    1. mmaboi21's Avatar
      mmaboi21 -
      Quote Originally Posted by KraXik View Post
      Or my retarded friend, it was a joke. *facepalm*
      Yah people get a little too serious sometimes bro.