Simply astounding. Enough to give each American a check for $646, almost enough for a single iPhone.
The digital gadget maker’s cash and investments during the quarter jumped to $206 billion — a staggering 33% increase from the same period a year ago. The swelling pile of cash underscores why selling $650 phones in this day and age continues to be an enviable business model.
Apple would have enough cash to give every American $646 apiece – which is remarkably close to the retail price of an iPhone.