New DH calendar
Article posted: 2/9/2013 7:19 AM

9 things Apple could do with $137 billion

  • Article
text size: AAA
By Associated Press

Apple Inc. has recently come under attack for its practice of stockpiling cash. At the end of last year, the company was sitting on $137 billion -- and the heap keeps growing.

Corporations normally don't hoard cash the way Apple does. They keep enough around for immediate needs, and either invest the rest in their operations or dole it out to shareholders in the form of dividends or stock buybacks. If they need more cash for, say, an acquisition, they borrow it.

Advertisement

Apple has never explained why it is salting away so much money -- other than to say the company is preserving its options.

The money belongs to shareholders, so Apple is limited in what it can legally do with it. Leaving legality aside, here are some things Apple could do with $137 billion:

-- Give every American a check for $437.

-- Buy 213 million iPhones at the average wholesale price, enough for every American who lives east of the Mississippi River, plus Texas.

-- Based on market value at Thursday's close, Apple could acquire Facebook, Groupon, LinkedIn, Netflix, Pandora, Research In Motion (Blackberry), Yahoo, Yelp, Zillow and Zynga -- and have more than $2 billion left to spare.

-- Create a stack of dollar bills 9,300 miles high, 38 times higher than the orbit of the International Space Station.

-- Buy 100,000 luxury Manhattan apartments, enough to house the population of Omaha.

-- Foot the bill for U.S. federal spending on education for two years.

-- Give every Apple employee a bonus of $1.7 million.

-- Double U.S. foreign economic aid to the developing world for three and half years.

-- Provide shareholders with a one-time dividend of $145 per share. (The stock closed Thursday at $456.95)

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity