Apple’s Cash Hoard Set to Top $250 Billion - WSJ

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https://www.wsj.com/articles/apples-250-billion-cash-pile-enlivens-hopes-fuels-expectations-1493566748

Apple’s Cash Hoard Set to Top $250 Billion

Tech giant’s unequaled stash draws calls for buybacks, acquisitions as corporate tax shift looms

By

Tripp Mickle

Updated April 30, 2017 9:23 pm ET

Apple has sold more than 1 billion iPhones in the decade since the product was introduced, and today claims 91% of all the profits in the smartphone sector. Photo: Agence France-Presse/Getty Images

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled hoard that is greater than the market value of either Wal-Mart Stores Inc. or Procter & Gamble Co. and exceeds the foreign-currency reserves held by the U.K. and Canada combined.

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Apple’s Cash Hoard Set to Top $250 Billion

Tech giant’s unequaled stash draws calls for buybacks, acquisitions as corporate tax shift looms

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