Apple Q1 2012: $97.6B in the Bank

| Apple Stock Watch

Apple’s cash on hand at the end of its first fiscal quarter of 2012 was US$97.6 billion, up about $16 billion from the third fiscal quarter of 2012. CFO Peter Oppenheimer shared those figures during the company’s first fiscal quarter earnings report Tuesday afternoon.

Apple has $97.6 billion in the bankAbout $64 billion of that cash was stashed offshore at the end of the quarter, and while company executives are discussing how to best use its big bank roll, there aren’t any specific plans yet. “We’re not letting it burn a hole in our pockets,” Mr. Oppenheimer said.

Apple reported record breaking earnings yet again with its first fiscal quarter revenue hitting $46.33 billion. iPhone sales were up some 128 percent to 37.04 million units, iPad sales came in at 15.43 million, and Mac sales were up year over year at 5.2 million units.

Mr. Oppenheimer added that cash flow from operations for the quarter was up over $17.5 billion.

Apple is currently trading after hours at $452, up 31.59 (7.51%).

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