The cash is all kept in a huge vault, in which Tim Cook bathes on a regular basis.Expected good results this last quarter compared to previous year.
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Apple stock dips after weak outlook for December quarter revenue
Apple reported earnings after the bell. Here are the results.www.cnbc.com
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Apple now has $162 billion in cash on hand, slightly less than last quarter
Here's how much money Apple has in its cash pile.www.cnbc.com
KEY POINTS
Here’s how Apple did, versus LSEG (formerly Refinitiv) consensus expectations:
- Apple now has $162.1 billion in cash on hand, which is less than the $166.5 billion it had last quarter.
- The company regularly maintains one of the largest cash piles in the U.S.
- Apple reported fourth-fiscal quarter earnings on Thursday that beat analyst expectations for sales and earnings per share, but revealed that overall sales fell for the fourth quarter in a row.
- EPS: $1.46 per share, versus $1.39 per share expected
- Revenue: $89.50 billion, versus $89.28 billion expected
- iPhone revenue: $43.81 billion, versus $43.81 billion expected
- Mac revenue: $7.61 billion versus $8.63 billion expected
- iPad revenue: $6.44 billion, versus $6.07 billion expected
- Wearables revenue: $9.32 billion, versus $9.43 billion expected
- Services revenue: $22.31 billion, versus $21.35 billion expected
- Gross margin: 45.2% versus 44.5% expected