Apple Has A Lot of Cash [InfoGraphic]

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Posted January 28, 2012 at 3:06am by iClarified

MBA Online has posted a new infographic which tries to describe just how much cash Apple has.

What would you do with $97 billion in cash? While we may never know, Apple is currently pondering that question. This graphic explores some unique comparisons to put the world's most valuable public company into perspective. Perhaps more money doesn't necessarily mean more problems.

To get an idea of how fast Apple's cash is growing, check out this chart.

Read More [via Mashable]

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Russell - January 28, 2012 at 8:32am

And Apple is one of 49 companies that are asking for a tax break so they can bring $1 trillion dollars from overseas accounts back to the US. They claim they need that money to invest and create jobs. What BS! They can create jobs today but they don't. They haven't been spending any of it. In fact, more than 25 multinational companies holding nearly $540 billion in untaxed profits are maintaining 46 percent of that money in U.S. banks or assets, according to a recent survey commissioned by Senator Carl Levin (D-Mich.). "Some multinational corporations say they want to bring foreign funds back to America, but can do it only if they get a special tax break," Levin, who opposes a repatriation tax holiday, said in a statement. Adding that many multinational corporations are "taking full advantage of the safety and security of the U.S. financial system to protect their money while paying no U.S. taxes on those funds to support the U.S. system."

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