Apple Sitting on $137.1 Billion in Cash

[Michael Essany]

Between having its stock in free-fall and reporting less-than-inspiring holiday quarter earnings, the last few months have been rough for Apple. But judging by the company's bank account, there really isn't all that much to worry about.

Apple, as it turns out, is sitting on more cash than HP's annual revenue and Vietnam's GDP.

Following today's AAPL beat-down after Apple's earning call, Romain Dillet of Tech Crunch sought to put Apple’s "amazing cash on hand numbers" into perspective. In other words, despite the recent barrage of bad news hounding Apple's Wall Street preeminence, Apple now has $137.1 billion in cash reserves. That's a 12.9 percent increase from the $121.3 billion Apple had in reserves as of the last earnings report.

"Samsung Electronics’ annual revenue is a bit higher than that," Dillet says, "as it is expected to reach around $180 billion for the fiscal year of 2012. But Apple is still dominating its competitor when it comes to cash."

If you simply watched the after-hours ticker on AAPL today and skipped reading the actual earnings report, you may not realize that the holiday quarter wasn't as dismal for Apple as the investor reaction seems to warrant. On Wednesday, Apple revealed earnings of $13.1 billion on record sales of 47.8 million iPhones, 22.9 million iPads and 4.1 million Macs. Revenue also climbed 18% to $54.51 billion, although analysts had expected $54.73 billion.

Source: TechCrunch

[Assassination]

Congrats Apple For Showing Off

[Norb]

less-than-inspiring holiday quarter earnings

Is that what you are saying because it's what the media told you? All the analysts way over-shot Apple's earnings despite what number Apple estimated... Apple actually was pretty damn close in all their estimates but for some reason people keep listening to analysts who are probably just driving the stock down for their own purposes.

[punjabi212]

Comparing this to GDP is absurd.

[iLoveWindows&iPhone]

Is that what you are saying because it's what the media told you? All the analysts way over-shot Apple's earnings despite what number Apple estimated... Apple actually was pretty damn close in all their estimates but for some reason people keep listening to analysts who are probably just driving the stock down for their own purposes.

I'm pretty sure he is stating the public-perception of the earnings, not the facts or his opinion. And yes, this negative perception has been created by and fueled by analysts. But what do you expect from Wall Street and its analysts...you think they will admit they were wrong? I think the fiscal crisis proved to us that they are always right...or "to big to fail" you might say...

[Jato_BZ]

Is that what you are saying because it's what the media told you? All the analysts way over-shot Apple's earnings despite what number Apple estimated... Apple actually was pretty damn close in all their estimates but for some reason people keep listening to analysts who are probably just driving the stock down for their own purposes.

Hate Analysts!! Where are they when they were saying AAPL was a $1000 share Trillion dollar company? Oh that's right those same analysts are now predicting the demise of AAPL. Talk about jumping ship before its actually sunk.

[Norb]

I'm pretty sure he is stating the public-perception of the earnings, not the facts or his opinion. And yes, this negative perception has been created by and fueled by analysts. But what do you expect from Wall Street and its analysts...you think they will admit they were wrong? I think the fiscal crisis proved to us that they are always right...or "to big to fail" you might say...

Yeah, guess I was expecting too much from modmyi as not not spreading more ********... Just looking at all the numbers graphed really puts it in perspective. Not only that but some places are comparing that numbers Apple is pulling in to the GDP of other countries... It's ridiculous... (as punjabi212 already mentioned).

[Villebilly]

Analysts are sheep. Most are just copying one another so they only guess wrong when everyone does. They just sold 10 million more (28% more) iPhones than their best ever quarter. But these are the same analysts who consistently under estimated Apple which made the stock grow crazy. Now they are over estimating to unrealistic proportions and pushing down the stock price.

[hogcia]

All that money apple has, and it's just sitting in some bank. How about spending it and actually making a true upgrade!? Like a totally new phone and OS? Steve jobs handed over a great company to cook, and it's all being thrown away. The iPhone was once the KING, now it's just another phone. Sad.

[Mrteacup]

Congrats Apple For Showing Off

That's exactly what saving money is

[docmagoo2]

All that money apple has, and it's just sitting in some bank. How about spending it and actually making a true upgrade!? Like a totally new phone and OS? Steve jobs handed over a great company to cook, and it's all being thrown away. The iPhone was once the KING, now it's just another phone. Sad.

The iPhone was the first, and the one all other smart phones are modelled on. Still a quality product, and integrates much better with other hardware with the use of iCloud than android and windows handsets! Not trolling but What kind of innovation would you suggest?

[subywrex]

All that money apple has, and it's just sitting in some bank. How about spending it and actually making a true upgrade!? Like a totally new phone and OS? Steve jobs handed over a great company to cook, and it's all being thrown away. The iPhone was once the KING, now it's just another phone. Sad.

What's sad is your thought process. But hey no one like iOS so they should make it new from scratch right?

[Villebilly]

Funny how people hate on iPhone/Apple but don't really say what they should be doing better. I don't want a bigger screen - that seems to be Samsungs biggest selling point. Is that really innovation? Didn't Apple come up with iPod, iPhone, and iPad? What are the other companies making that is so awesome? Why aren't they held to a higher standard? The keyboard for Microsofts tablet is awesome but they were two years behind - just COPYING the idea of even making a tablet. Most of these other companies (and many of the haters) don't even know the advantages of piling up cash cause they will never be able to do so.

[Jarolin Vargas]

i doubt they keep all this money in cash