Apple Now Has Over $76 Billion Dollars in Cash

During Apple’s 2011 Q3 earnings conference call, it was revealed the company now has over $76.2 billion dollars in cash. In just a mere three months, their cash war chest increased from $65.8 billion dollars.

Asymco notes the cash acquired during this quarter is more than what Apple had on hand 4.5 years ago. The cash alone was higher than Google’s revenues in the quarter too. The WSJ notes Apple’s cash on hand is worth more than the GDP of 126 countries around the globe, including nations like Ecuador, Bulgaria, Sri Lanka and Costa Rica.

 

Check out this chart below–it’s impressive:

If measuring market capitalization, at $359 billion, Apple is the second largest company in the world, trailing only Exxon Mobil.

What should Apple do with all this cash? Apple already apparently leverages its billions in cash to stay ahead of its rivals by coming up with exclusive deals with suppliers. Investors have once again raised the question of issuing dividend payouts.

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow me on Twitter, and @iPhoneinCanada, and on Google+.

  • Casey Callaghan

    they should buy t-mobile in the US!

  • Casey Callaghan

    they should buy t-mobile in the US!

  • Casey Callaghan

    they should buy t-mobile in the US!

  • Casey Callaghan

    they should buy t-mobile in the US!

  • Anonymous

    They should start a worldwide carrier of their own…and sell the iPhone as exclusivity!! lol

  • Rustybarnacle

    They could use some of their cash to innovate ewaste recycling.  Imagine if they used their creativity, and cash, to that kind of end.

  • Rustybarnacle

    They could use some of their cash to innovate ewaste recycling.  Imagine if they used their creativity, and cash, to that kind of end.

  • Michael

    They could take that amount and multiply it by 0.000015 then give me the resulting number.

  • Michael

    They could take that amount and multiply it by 0.000015 then give me the resulting number.

  • Dennis

    Now that would be smart. Cause you know we would all have an account with them. They would run the mobile industry.

    If only… Love to see Robelus squirm!

  • Dennis

    Now that would be smart. Cause you know we would all have an account with them. They would run the mobile industry.

    If only… Love to see Robelus squirm!

  • Auto Strada

    or start a new country since their own is under so much debt caused by so much stupidity.

  • Auto Strada

    or start a new country since their own is under so much debt caused by so much stupidity.

  • Auto Strada

    or start a new country since their own is under so much debt caused by so much stupidity.

  • Auto Strada

    or start a new country since their own is under so much debt caused by so much stupidity.