Apple turned in a record December quarter this week, and Bryan and Jeff look at the numbers. They also look at this one weird trick Apple did to goose Mac sales—the company released a new Mac. And for grins, they discuss some of the things Apple could do with the astounding $246 billion in cash the company has squirreled away.
Apple’s cash hoard swelled to a staggering $246.09 billion in the December quarter, an increase of $8.49 billion. This, despite returning some $15 billion to shareholders in the form of stock buybacks and dividends. It’s an unprecedented concentration of corporate wealth that would let Apple buy more than 4.9 billion Amazon Echo Dots if it wanted.
Apple announced Tuesday record revenue for its December quarter of US$78.4 billion, as well as record earnings per share (EPS) of $3.36. That’s up from $75.9 billion in revenue in the year-ago quarter with EPS of $3.28. [Update: This article has been updated with additional details. – Editor]
Apple announced Friday that it will announce earnings for the December quarter—the company’s first fiscal quarter of 2017—on Tuesday, January 31st. Apple’s quarterly conference call with analysts will start at 2:00 PM PST/5:00 EST.