TAUW is reporting on the findings of Horace Dediu, a Asymco analyst. At last week Apple earnings conference call, it was announced Apple had some $65.8 Billion in “Cash and Cash Equivalence” Mr. Dediu did a break down of the numbers and found that Apple, if all of it’s income stopped today, could continue at it’s current rate of expenditure, until 2018.
That cash pile breaks up into three categories: $15 Billion in cash, $14 Billion in short-term marketable securities, and approximately $37 Billion in long-term marketable securities.
More fast facts regarding the money, to better help us wrap our heads around it, include:
– Apple’s cash growth in just the past quarter is higher than the market capitalization of most companies
– This large sum of money puts Apple’s CFO in the top 100 fund managers worldwide. Greater even than any single hedge fund manager.
– Apple’s cash (as in liquid cash) reserve is worth half of Google’s enterprise value.
Simply mind-boggling numbers. Again, I have to ask, how long is this possible?
Chart courtesy of Asymco.
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