Apple’s Overseas Cash Climbs to $74 Billion

| Apple Stock Watch

Apple apparently has more cash overseas than any other U.S. company, according to Moody’s Investors Service analyst Richard Lane, at US$74 billion. That’s $10 billion more than the company held overseas in December.

Apple's overseas cash pile is sitting at $74BApple’s overseas cash pile is sitting at $74B

Barron’s said Mr. Lane’s report showed Microsoft coming in behind Apple with $50 billion overseas, and Cisco in third place with $42.3 billion outside the U.S.

Mr. Lane used SEC filings and his own estimates to come up with those numbers and added that U.S. technology companies account for about $227.5 billion of the $457 billion companies have moved outside of the country.

Moving money outside of the U.S. isn’t unique to Apple or tech companies. Corporations often hold cash overseas for investments and as a tax shelter, and considering the number if iPhones and iPads Apple sells, it’s no surprise that it has plenty of money to move.

Apple stock value is currently sitting at $614.83, up 0.90 (0.15%) with a market cap at $547.94 billion.

Sign Up for the Newsletter

Join the TMO Express Daily Newsletter to get the latest Mac headlines in your e-mail every weekday.

2 Comments

pawolverine

Wonder’n if Apple’s pile of overseas money is sitting right next to Mitt’s. My Bad!

iGrouch

Wonder?n if Apple?s pile of overseas money is sitting right next to Mitt?s. My Bad!

De monies safe boy in de banks of the Lee!


bool riverInCork;
lee == riverInCork;
ref BooleLibraryUCC

Log-in to comment