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You are not counting Apple's short and long term investments. If you read the Notes to the Financial Statements[1] (the most important piece in accounting), you
by rjtavares 14y ago
You are not counting Apple's short and long term investments. If you read the Notes to the Financial Statements[1] (the most important piece in accounting), you can see the breakdown of all the cash and securities owned by Apple, including 20M Treasury and 47M Corporate bonds.
[1] http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8888271-212228-307222&type=sect&dcn=0001193125-12-444068 http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?F...
- kevin_morrill 14y agoOkay, now I am thinking I was counting it correctly for the context of my post. The $10B in cash is sitting idle. If it's in short and long term investments, that it's being put to some kind of use.