Apple’s Q2 Cash Balance Tops $110 Billion

| Apple Stock Watch

Apple’s cash on hand continues to rise with the company reporting that it had over US$110 billion in the bank during its second fiscal quarter. Company CFO Peter Oppenheimer announced the figure during Apple’s second quarter earnings conference call Tuesday afternoon.

Apple: Now with even more buckets full of moneyApple will use some of that money to pay out quarterly dividends — a benefit the company recently announced for shareholders.

Quarterly revenue came in at $39.2 billion with $11.6 billion in profit. In comparison, the company reported $46.33 billion in revenue during the December quarter, which also included holiday sales.

Investors seem pleased with Apple’s quarterly numbers. The company’s stock is already up over $38 in after hours trading from its $560.28 closing.

Apple is currently trading at $598.50, up 38.22 (6.82%).

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