Apple has just announced record quarterly earnings with $10.7 billion of operating profit. This revenue accumulation has resulted in Apple’s biggest ever cash hoard, now standing at $202 billion dollars. This is up from the record $194 billion level reported in the previous quarter and despite Apple giving away $13 billion to shareholders through its capital returns program.
In general, having too much money is a good ‘problem’ to have. What shareholders will think of this new high is yet to be seen, who generally prefer if Apple invested that money in its business or returned to investors in its dividend, rather than leaving it doing ‘nothing’. We’ll see if Apple addresses its cash pile concerns on the earnings call.
