rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Amazing things Apple can do with its $97.6 billion cash

Amazing things Apple can do with its $97.6 billion cash

Last updated on: February 6, 2012 09:54 IST

Amazing things Apple can do with its $97.6 billion cash

     Next

Next

Apple now has $97.6 billion in cash. Last year the company increased its cash hoard by nearly $38 billion. That means Apple was adding $1,200 to its cash pile every second.

Let's have a look at what Apple can do with its $97.6 billion cash reserve, according to fool.com and Huffingtonpost.com.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple was adding $1,200 to its cash pile every second.
Photographs: Reuters

     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

58th-largest country

In GDP terms, Apple's cash pile alone would make it the 58th-largest country.

That's ahead of global hot spots Iraq and Libya while just trailing Qatar, a country with enough economic clout that it was selected to host a World Cup.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: A view of Doha, capital of Qatar.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Team owner

At its current Forbes valuations, Apple could buy every single NFL, MLB, NBA and NHL team - and still have $31 billion left in the bank.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple can buy all NBA teams.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Paying for education

After next quarter, Apple's cash hoard will be able to pay the entire total the United States government's costs for education in a year.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple can pay the entire cost of education.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Marshall Plan

In two quarters, Apple's cash hoard will be able to pay for the inflation-adjusted cost of the Marshall Plan ($115 billion).

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It can pay for the Marshall Plan.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Corporate taxes

By the end of next year, Apple's cash hoard will be larger than all of the corporate taxes America collected in 2009 ($138 billion).

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It's cash pile will be larger than all the corporate tax collected in 2009.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Google's sales

Apple's total profits were more than Google's entire sales last quarter. And the two numbers weren't even close, either; Apple's profit of $13.1 billion was 23 per cent larger than Google's total sales.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple's total profits were more than Google's entire sales last quarter.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Microsoft

Remember when Microsoft "bailed" Apple out in 1997? Apple's profit last quarter was 20 times greater than how much money Microsoft's "monopoly" was making at the time.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple easily beats Microsoft.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Phone sales

Apple sold about 17 million more phones in 2011 than in the previous four years combined.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple's phones are selling like hot cakes.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Other products

While the iPhone accounts for 53 per cent of Apple's sales, Apple's other products were no slouches, either.

Last quarter, the iPad (15.4 million units) outsold all of Hewlett-Packard's computer sales (15.1 million). Tablet sales overtook desktop PC sales in the United States.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: iPhone accounts for 53 per cent of Apple's sales.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Market cap

Apple's market cap ($417 billion) would make it the 24th-largest country in the world in terms of GDP. That's right below oil giant Saudi Arabia.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: A view of Riyadh, capital of Saudi Arabia.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Beating expectations

The company had sales last quarter that were more than $7 billion higher than analysts expected. That's greater than the total sales of all but 22 technology companies - and there are more than 7,000 publicly traded tech companies.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It beat the projections.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Research and development

Apple spent only 1.6 per cent of sales in last quarter on research and development.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple spends less than two per cent on research and development.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Missions to Mars

The computer giant can afford to pay for 216 missions to Mars.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It can send 216 missions to Mars.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Students' loans

It can pay off students' loans for a whole year in the United States.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple can pay off students loans.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Rival phone makers

Apple can afford to buy Samsung, HTC, Nokia, RIM, LG, Motorola and Sony Ericsson, which in November 2011 had a combined value of $78 billion.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It can simply acquire rival phone makers.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

California's budget

California has a projected budget of $97.6 billion for the next year, and Apple can easily take care of it.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: It can take care of California's budget.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Germany's budget cuts

The European nation plans to make $97.6 billion in budget cuts before 2014, and Apple can fill the gap.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: Apple can fill Germany's budget cuts plans.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     Next
Prev

Next

Foreign aid

Between 1946 and 1963 the United States paid out $97.6 billion in foreign aid. Apple can donate the money to the government.

Click here for Rediff Realtime News!

Click NEXT to read more...


Image: The United States paid out $97.6 billion in foreign aid.
Photographs: Reuters

Prev     Next

Amazing things Apple can do with its $97.6 billion cash

Prev     More
Prev

More

Fannie Mae and Freddie Mac writedown loan

Apple can take care of Fannie Mae and Freddie Mac writedown loan.

Click here for Rediff Realtime News!


Image: Apple can bail out Fannie Mae.
Photographs: Reuters

Prev     More