Apple's (AAPL) Cash Hoard Swells To $60 Billion
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With its amazing profits, Apple's (Nasdaq: AAPL) cash hoard continues to balloon. The company ended the first quarter with cash and total marketable securities of $59.7 billion, up $8.7 billion from last quarter.
On a per share basis, this is about $64 in cash per share.
Apple's cash flow from operations was $9.77 billion, up from $5.68 billion last quarter.
Over the next two years, the company plans to spend $3.9 billion in component prepayments and capex. They made a payment of $650 million in December and plan on making another $1.05 billion payment in March.
With its surging cash, investors may begin to clamor for a special dividend or regular quarterly dividend from the company.
On a per share basis, this is about $64 in cash per share.
Apple's cash flow from operations was $9.77 billion, up from $5.68 billion last quarter.
Over the next two years, the company plans to spend $3.9 billion in component prepayments and capex. They made a payment of $650 million in December and plan on making another $1.05 billion payment in March.
With its surging cash, investors may begin to clamor for a special dividend or regular quarterly dividend from the company.
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