I am no apple fan boy...but
These numbers are staggering...(thanks to Techcrunch for providing the summary)
And they don't start selling the iphone in China until next week!Apple now has $34 billion in cash in the bank. Apple watchers will also know that they have no debt. So what are they going to do with all this money? That’s $10 billion more than they had a year ago, and this past quarter alone, they added about $3 billion to the pile. Apple keeps saying that it will use the cash for “preservation of capital,” which is a fancy way of saying that they’ll be take little risk and keep it close.
That’s more cash than Microsoft has, and for some comparison, $34 billion is $10 billion more than the overall market cap of Yahoo. It’s also about $1.5 billion more than the market cap of eBay, and $4 billion more than the market cap of Dell. It’s almost exactly the same as the market cap of News Corp.
