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Suns Out, Puns Out

by M.G. Siegler


Apple’s Cash Hoard Set to Top $250 Billion

Yeah, it's sort of an arbitrary number. But holy shit. Tripp Mickle:

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled hoard that is greater than the market value of either Wal-Mart Stores Inc. or Procter & Gamble Co. and exceeds the foreign-currency reserves held by the U.K. and Canada combined.

How long until we see iBank? I'm only half-joking. They're seemingly having a hard time coming up with what to do with all that money. And while most of Apple's cash is held overseas right now, it's looking quite likely that there will be some sort of tax holiday soon-ish to repatriate it all.


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