$202 billion in cash now makes Apple to be the richest company in the world

Posted by: lukwago J in Business July 22, 2015

The technology giant announced a quarterly operating profits record of $10.7 billion, this accumulated and resulted into Apple’s huge ever cash stock which is now at $202 billion, this simply means that Apple has now got more cash on hand than any other company in the world.

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Tuesday’s latest earning’s report indicates that Apple made $202 billion in cash by the end of June quarter and it’s the first time the company to make more than $200 billion.

However, Apple is now trying to invest its money through buying its own stock back, investing in smart watches etc.

Nevertheless, when it comes to China, the technology giant has too much concern and its continuing to invest a lot in China, the company thinks China will be Apple’s biggest market in the near future, previous years and this year the revenue alone especially from iPhone 6 plus doubled to $13.2 billion, the company’s chief executive, Tim Cook said.”

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