“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.”
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MacDailyNews Take: Apple has more money on hand than AT&T is worth – with $12 billion left over.
MacDailyNews presents live notes from Apple’s Q416 conference call – October 25, 2016
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