Apple is known as the master of the technology world. Apple has always been a very profitable company and so far it is the most well‐earned company. According to a reports published in Moody’s (corporate credit rating agency) it shows that excluding the bank and finance the three most well‐known companies across United States and the rest parts of the world which are Google, Microsoft and Apple hold 23 percent corporate cash reserve of the whole economy of United States.
Geekwire the well‐known blog reports that this is for the first time where tech companies holds the top 5 companies spot. They are almost far ahead from the companies which are in the non tech background of the business. Indeed a matter of pride for all of them. Apple leads the spot with whopping $215.7 billion in cash followed by Microsoft having the cash of $102.6 billion and last not the least Google at $73.1 billion. Cisco and Oracle are also in the list after these companies. The combined cash of all the 5 companies is $777 billion that is huge in fact very huge. The major chunk of the Apple company is held in overseas due to the tax benefit reasons. Apple is also borrowing money to buy own stock from the markets.
The non‐financial companies in United States are holding $1.68 trillion in cash. The cash reserves have increased from $1.65 trillion cash. The list of the top 50 companies holds $6.12 billion in cash. For the companies falling in the non tech industry, the cash reserve has felled below 3 percent. This is for the first time such incident has happened after 2012. The aggregate spending on the capital investments, dividends, acquisitions and share buybacks by the companies is expected to be approximately 1.9 Trillion Us Dollars. Ref Link:
