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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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).
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Amazing things Apple can do with its $97.6 billion cash
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).
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
Phone sales
Apple sold about 17 million more phones in 2011 than in the previous four years combined.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
Research and development
Apple spent only 1.6 per cent of sales in last quarter on research and development.
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Amazing things Apple can do with its $97.6 billion cash
Missions to Mars
The computer giant can afford to pay for 216 missions to Mars.
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Amazing things Apple can do with its $97.6 billion cash
Students' loans
It can pay off students' loans for a whole year in the United States.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
California's budget
California has a projected budget of $97.6 billion for the next year, and Apple can easily take care of it.
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Amazing things Apple can do with its $97.6 billion cash
Germany's budget cuts
The European nation plans to make $97.6 billion in budget cuts before 2014, and Apple can fill the gap.
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Amazing things Apple can do with its $97.6 billion cash
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.
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Amazing things Apple can do with its $97.6 billion cash
Fannie Mae and Freddie Mac writedown loan
Apple can take care of Fannie Mae and Freddie Mac writedown loan.