Apple Has $117.2 Billion in Cash

Does anyone really care all that much that Apple missed their projected earnings this past quarter? They shouldn't. All you need to look at is this number: $117.2 billion. That's the huge pile of cash they've accumulated and how that in the coming months and Christmas holidays, Apple will only sell more and more iPhones and iPads and add to this cash hoard:

Cash flow from operations rose 54% during the first 9 months of fiscal 2012 to $41.7 billion. Apple ended the quarter with a whopping $117.2 billion in cash, marketable securities and equity investments. That equates to $123.77

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Tagged apple, cash, that's a lot of money