Apple's total cash in the fourth quarter is 2.2% less than last
By MYBRANDBOOK
Apple has disclosed its cash on hand in its fiscal fourth-quarter 2019 earnings report released on Wednesday. It reportedly has $205.9 billion in cash, while it had $210.6 billion in the previous quarter. That’s 2.2% less than last quarter. Despite this, Apple continues to host one of the largest cash piles of any U.S. company.
The company is spending heavily to expand its offering on original content for Apple TV+ streaming service and other investments, which includes paying dividends to shareholders.
Apple posted $64-billion revenue for the quarter ending September, marking its highest Q4 revenue ever. International sales accounted for 60 percent of the quarter’s revenue.
“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fuelled by accelerating growth from Services, Wearables and iPad,” said Tim Cook, Apple’s CEO. “With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best line-up of products and services, we are very optimistic about what the holiday quarter has in store.”
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