Apple’s cash explained
In the last three months, Apple brought in 4x more profit than Walmart, the world’s largest retailer… And here’s how it all comes together in an infographic prepared by MBAonline.com.
After another successful quarter, Apple is worth more than $400 billion, which is about $6,622,516 per employee.
If it was to pay a corporate tax on its massive cash reserves of $97.7 billion, that money could buy an iPad for every person in Canada and Greece. However, 2/3 of that reserve is stored offshore. Moreover, Apple’s cash reserve is enough to pay off the total public debt of 8 EU countries, including Slovakia, Luxembourg, Bulgaria, Lithuania, Latvia, Cyprus, Estonia and Malta.
Created by: MBA Online