Apple is hoarding a $261bn cash stash. Here's why

Trevor Treharne
clock
Apple is hoarding a $261 billion cash stash. Here’s why
Image:

Apple is hoarding a $261 billion cash stash. Here’s why

The tech giant could buy Uber, Tesla, Netflix, Airbnb and Twitter - and still have $29bn left over. So why the huge rainy-day fund?

Apple's mountain of cash grew 13 per cent year on year in the third quarter of the year, hitting a new record of $261.5bn (£197.5bn). The firm posted revenue of $45.4bn for Q317, meaning revenue was...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

More on Mobility

Borough Council of Bolton advertising for MSPs to apply for £80m framework

Borough Council of Bolton advertising for MSPs to apply for £80m framework

ICT Managed Services Provision framework comprises areas such as service management, communications, security and application development

clock 03 November 2021 • 1 min read
Crown Commercial Service seeking digital, data and technology specialists for £4bn public sector framework

Crown Commercial Service seeking digital, data and technology specialists for £4bn public sector framework

Pan-government collaborative agreement is for the provision of digital, data and technology (DDaT) specialists to help deliver large-scale digital transformation programmes

clock 16 September 2021 • 1 min read
Government launches £2bn big data and analytics framework

Government launches £2bn big data and analytics framework

Framework is divided into two lots and will be available to use by government and public sector bodies

clock 03 September 2021 • 1 min read