Apple Cash In the Stash? Oh, Just $206 billion

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.