Apple has 10% of all US cash outside of banks

It’s staggering when one tries to get a full understanding of just how profitable and fluid Apple really is. Despite some stock challenges over the last couple of years, they still make and hold more money than most countries.

Such is the level of Apple’s success in making its mobile device, Mac and even its “hobbies” profitable that despite a $60 billion stock buyback program and additional billions given out in dividends, the company continues to make bank faster than it can disperse its capital. According to a new report from Moody’s, Apple has at least $147 billion in reserves unencumbered by debt, accounting for about 10 percent of all the cash held by non-financial US companies.

Read full article