BIG TICKET GIVEAWAY

Win 2 tickets to every event for a year! Click here to enter.

Present by The Daily Herald
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Friday, February 8, 2013, 5:13 p.m.

9 things Apple could do with $137B

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.
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)
Story tags » Markets & ExchangesApple

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

HeraldNet highlights

This is arena food?
This is arena food?: Xfinity rolls out shiny new menu for Tips games, other events
Big-top dreams
Big-top dreams: Young ringmaster followed his heart to the circus tent
'Maze Runner' gets lost
'Maze Runner' gets lost: Film has its moments, but seems overly familiar
All the right notes
All the right notes: 5th Avenue Theatre's 'A Chorus Line' feels fresh