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Apple’s cash stockpile expected to top a staggering $250 billion

“As of December, the company had $246.09 billion total cash, cash equivalents, and securities” writes Tripp Mickle for marketwatch.com. Apple, like many big American companies, parks most of that cash offshore rather than paying U.S. taxes on its overseas profits.Also see: These are the 5 U.S. companies with the biggest overseas cash piles Apple’s AAPL, -0.10%   quarterly results will show the company has doubled its cash pile in just over 4½ years.In the last three months of 2016, it racked up new cash at a rate of about $3.6 million an hour.Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled corporate hoard that is greater than the market value of both Wal-Mart Stores Inc.
 
Source: marketwatch.com



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