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Do we know how much Apple and Microsoft are actually putting in? I can't find anything about it. To put numbers on "enormous piles of cash", Apple books $20 bi
by freewilly1040 7y ago
Do we know how much Apple and Microsoft are actually putting in? I can't find anything about it.
To put numbers on "enormous piles of cash", Apple books $20 billion in profits a quarter [1] and $245 billion cash on hand [2].
My guess is that if they are looking for risky plays, there just aren't a lot of options for the amount of cash they have.
[1] https://www.reuters.com/article/us-softbank-group-vision-fund/softbank-groups-108-billion-vision-fund-2-draws-in-microsoft-apple-idUSKCN1UL01F https://www.reuters.com/article/us-softbank-group-vision-fun...
[2] https://www.cnbc.com/2019/01/29/apple-now-has-tk-cash-on-hand.html https://www.cnbc.com/2019/01/29/apple-now-has-tk-cash-on-han...
- adventured 7y agoApple is printing massive profits, however they're not quite $20 billion per quarter massive. Their last quarter was $10b in net income, and $11.5b in operating income. The last four quarters were $55b in net income, $64b in operating income. Apple's current cash plan is to draw it down to net zero, according to Cook, through returning cash to shareholders. I would expect them to continue to be extremely conservative on investments and acquisitions as per their historical norm. Their net cash is down to about $100 billion now, and total cash was $210b as of the third quarter results (likely under $200b now).
- notfromhere 7y agoWould be nice if they could throw some change at a not-terrible keyboard design.