iPhone in Canada Blog - Canada's #1 iPhone Resource: Apple’s Cash Sits at Almost $100 Billion Dollars

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Apple's Cash Sits at Almost $100 Billion Dollars Jan 24th 2012, 22:42 By Gary Ng on January 24th, 2012 0 Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Apple reported their 2012 Q1 earnings today, a record $46 billion dollar quarter. During the earnings call, Apple reported they now have $97.6 billion dollars in cash. The last quarter earned Apple $17.5 billion in cash during their record quarter. Apple clearly emphasized they are 'actively discussing' the uses of their cash balance, with nothing to announce today. Apple shares are pushing up 8% in after hours trading. Here are some key numbers in case you missed them: 140 million downloads from the App Store since Christmas Day 90 countries have the iPhone 4S, fastest iPhone launch ever 600,000 copies of iBooks Author downloaded so far 3 million copies of iTunes U downloaded 315 total million total iOS sales; 62 million in last quarter 85 million iCloud customers as of today 550,000 total apps; 175,000 iPad apps $4B paid out cumulatively to developers; $700 million in last quarter alone 110 million visitors to Apple Store; 22,000 visitors per store per week $97.6 billion in cash; nothing to announce with cash Finally revealed: 1.4 million Apple TV2 units sold; 2011 had a total of 2.8 million sold Updating… Gary Ng Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow @iPhoneinCanada and on Google+. Click here to save 20% OFF at ZAGG.com with coupon 'iphoneinca'!

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