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Friday, Jul 10, 2020

Apple now has $207.06 billion in cash on hand, up slightly from last quarter

Apple now has $207.06 billion in cash on hand, up slightly from last quarter

Apple disclosed its cash on hand in its fiscal first-quarter earnings report on Tuesday.
Apple now has $207.06 billion cash on hand, according to the company’s fiscal first-quarter earnings report released on Tuesday.

That’s a less-than 1% rise from its fiscal fourth quarter of 2019, when it reported a cash pile of $205.9 billion. It’s down about 15% from this quarter last year, when it reported a cash pile of $245 billion.

Apple continues to host one of the largest cash piles of any U.S. company.

Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting first-quarter earnings last year.

Moving forward, investors will look to Apple’s sales in China, which accounted for 16.7% of its revenue in the last four quarters. Apple’s wearables are likely to carry interest as well, as the Apple Watch and AirPods continue to catch attention.
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