Apple now has $245 billion cash on hand, up 3% from previous quarter

Apple now has $245 billion cash on hand, up 3% from previous quarter

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/01/29/apple-now-has-tk-cash-on-hand.html

Apple now has $245 billion cash on hand, according to its first-quarter 2019 earnings report.

That's 3 percent more than it had on hand in the previous quarter, when it reported $237.1 billion in cash. Apple said a year ago it would be contributing $350 billion to the U.S. over the next five years due in part to the new tax law. Part of this contribution will come through taxes on repatriated cash, the company has said.