Apple has an excessive amount of cash. If you want to know how much money Apple has in cash then the answer might shock you. The technology company, Apple Inc. now has $202.6 billion in cash and investments. That is a staggering amount, accounting for 7% of all S&P 500 company holdings.
Although Apple is the most dramatic case of a cash excess in the S&P 500, it is by no means the only one.
Clearly, Apple is doing well in India. According to CEO Tim Cook, the company’s revenue in India doubled during the June quarter. According to research estimates, both the iPhone and the iPad have been doing well for the corporation. Even the Apple Watch is still performing well in India for its market. Cook withheld certain figures regarding the income from India.
The iPhone continues to bring in big bucks for Apple in a quarter where nearly every other product category saw a decline in sales. Numbers showed that income from iPhone was $40.6 billion, up from $39.5 billion year over year, although it wasn’t a huge gain. Nearly half of the total revenue was generated by iPhones.
