Categories: Tech & Society

Apple Now Has $121.3 Billion In Cash: More Than Amazon’s Market Cap Or A Space Station

It’s easy to forget the big picture when you report on a quarterly earnings. Apple has seen a tremendous year. With $156 billion in revenue representing 45 percent growth compared to 2011, and an incredible 61 percent increase of net income compared to 2011. But even more impressive, Apple now has $121.3 billion in cash, enough to buy Amazon or a space station, and still having some left.

Amazon’s market capitalization ticks at $100.77 billion today. And many of what you could consider big tech companies have a smaller market cap. Yahoo’s market cap is $19.68 billion, Facebook’s is $48.33 billion. And let’s not compare to Dell or HP who have a $16.03 billion and $27.90 billion market cap.

As long as Apple keeps generation such profits, there is no end to this cash pile. Three months ago, Apple had $117.2 billion in the bank (short term financial investments or equivalent).

Apple has been very shy when it comes to acquisitions. Over the years, it has only bought a handful of companies, including Lala, Chomp and Siri.

Even compared to Apple’s own market capitalization, its cash represents more than 20 percent of its gigantic $571.38 billion market cap. Yet, the ratio cash versus market cap is slowly going down, because Apple shares are raising even more. Here’s the percentage evolution:

And of course, there are the funny comparisons. Beautiful buildings and monuments are cool, but let’s not stop there. As we’ve learned recently, a space station “only” costs around $100 billion. Space is the next frontier, right?

Via: TechCrunch

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

91.55% of Indian finance websites fail accessibility standards

As digital transformation accelerates, ensuring accessibility remains crucial for millions of Indians with disabilities. Addressing…

2 days ago

Is AI Hitting a Plateau? The Scaling Debate OpenAI Prefers to Avoid

I think OpenAI is not being honest about the diminishing returns of scaling AI with…

3 days ago

PayalGaming becomes India’s first female gamer to win an international award

S8UL Esports, the Indian esports and gaming content organisation, won the ‘Mobile Organisation of the…

3 days ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

4 days ago

Colgate launches AI-powered personalized dental screenings

Colgate-Palmolive (India) Limited, the oral care brand, launched its Oral Health Movement. The AI-enabled initiative…

4 days ago

The role of ASR in voice bots: Revolutionizing customer interaction through real-time recognition

This fast-paced business world belongs to the forward thinking organisations that prioritise innovation and fully…

5 days ago