Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
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Actual "cash on hand" for operations is only
$2,769M ($2.7B) per apples SEC disclosure.
They have other investments they used cash to purchase since god know how long including US Bonds, CD, Mutual Funds, Stocks of other companies, etc etc.
I cant beleive why so many missed this. Apple only has $2.7B CASH compared to $74B by the Government.




Member since:
2011-05-12
S&P downgrades US credit rating from AAA to WTF