“Apple’s enormous cash hoard grew to $237.6 billion in the fiscal fourth quarter, up $6.1 billion from the previous quarter,” Christine Wang reports for CNBC.

“If the company’s massive cash pile was its own company,” Wang reports, “it would be the seventh largest in the S&P 500 and the fourteenth largest public company in the world.”

Wang reports, “The company’s cash reserves have long fueled speculation of acquisitions that Apple might make.”

Read more in the full article here.

MacDailyNews Take: Apple has more money on hand than AT&T is worth – with $12 billion left over.

SEE ALSO:
MacDailyNews presents live notes from Apple’s Q416 conference call – October 25, 2016
Apple beats Street, services revenue grows 24% to all-time quarterly record of $6.3 billion – October 25, 2016