Tuesday, April 24, 2012

Apple Q2 Earnings: Apple Now Has Over $110 Billion In Cash Reserves

apple_rainbow_logoApple has once again beaten analysts' expectations with its Q2 results out today, and correspondingly the iPhone giant now has an even stronger cash position than it did before: $110 billion in the six months ended March 31, 2012 versus $81.5 billion in the six months ended September 24, 2011. In cash and cash equivalents the company now has over $10.1 billion; short-term marketable securities are at $18.4 billion; long-term marketable securities are at $81.6 billion. This is a rise in every segment compared to six months ago.

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