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Apple Has $250B in Cash, Setting Company Record

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Apple Has $250B in Cash, Setting Company Record

Apple Has $250B in Cash, Setting Company Record

Apple's cash pile hit over $250 billion in the second quarter, setting a record for the company.

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Apple Has $250B in Cash, Setting Company Record

Apple has a lot of money.

That might not come as much of a shock, but Apple's second quarterly report shows its cash hoard has hit  $256.8 billion .

That's more than the entire market value of  General Electric  or  Walmart .   How did the tech giant do it?

Well, Apple is pretty conservative when it comes to its investments and boosting stock prices.

SEE MORE: Apple Wants To Make Your iPhone A Lot More Eco-Friendly Former CEO Steve Jobs wasn't into  buybacks  or paying  dividends .

Buybacks are when a company  buys its own shares  to make fewer available on the market, thus increasing the value.  Dividends  are earnings a company gives to its shareholders.

But current CEO Tim Cook is  slightly more generous  when it comes to shareholders.

He's also been more liberal with investments and acquisitions.

Apple bought  Beats Electronics  for $3 billion in 2014.  The cash pile is a record for the tech company.

Most of the money is held in offshore accounts because taxes are lower than in the U.S.  But President Donald Trump proposed to slash taxes for businesses in April.

Cook said if that happens, the company would bring money back to the U.S.




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