Apple's Financial Wealth
The cluster focuses on Apple's massive cash reserves, trillion-dollar market cap, and enormous profits, with commenters debating whether the company needs more money or is overly profit-driven despite its wealth.
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Apple are a multi-trillion dollar company, they don't need more money
because Apple needs the money...
Apple probably made that much money in the time it took to read the article.
Why is everyone in this thread waxing poetic about whether it's right or wrong?Apple have about $250 BILLION in their piggy bank, don't give them the benefit of the doubt.
This is false. The Apple money is invested in other companies.
Based on this they've had $1tn profits since 2009: https://companiesmarketcap.com/apple/earnings/
Apple is worth something like 1.1 trillion dollars , I assure you there is more to it than hype
Honestly Apple's product line is so bulletproof, they deserve this valuation.
Makes that 30% Apple take seem a little more reasonable, doesn't it?
If any amount of money was meaningless to apple, they wouldn't be where they are today.