Apple Still Has a Ton of Cash
Apple’s stock price has taken a hit over the past few months, but many people probably forget just how much cash the company is still sitting on. As of the most recent quarter, Apple has a war chest of about $237.1 billion (or $122.6 billion minus debut).
With all that money in its coffers, Apple can do a lot. That’s a lot of cash that the Cupertino tech giant can spend on acquisitions or research & development — two things that it is actively doing. The company has a lot of flexibility because of it.
That war chest could allow it to enter into industries that it hasn’t touched, like automobiles or original TV shows and films. And those are just the two areas in which the company is already researching technology.