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01-23-2013, 06:12 PM #1
Apple Sitting on $137.1 Billion in Cash
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.
01-23-2013, 06:30 PM #2
Congrats Apple For Showing Off
01-23-2013, 06:40 PM #3
less-than-inspiring holiday quarter earnings
01-23-2013, 07:14 PM #4
Comparing this to GDP is absurd.
01-23-2013, 07:18 PM #5
01-23-2013, 07:29 PM #6
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01-23-2013, 07:33 PM #7
01-23-2013, 08:46 PM #8
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.
01-23-2013, 10:33 PM #9
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.
01-23-2013, 11:32 PM #10
01-24-2013, 02:02 AM #11
01-24-2013, 02:07 AM #12
01-24-2013, 05:20 AM #13
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.
01-24-2013, 06:53 AM #14
i doubt they keep all this money in cash