Apple Facts That Will Blow Your Mind (AAPL)

30 Jan

Apple is sitting on an incredible pile of cash. Read these comparisons and think:

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.

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. Maybe we could look forward to a 2026 World Cup in Cupertino?

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.

Of course, the numbers really get crazy if Apple hits expectations and keeps adding to its cash pile in the quarters ahead.

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

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

* 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)!

via Apple Facts That Will Blow Your Mind (AAPL).

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