Such is the level of Apple's success in making its mobile device, Mac and even its "hobbies" profitable that despite a $60 billion stock buyback program and additional billions given out in dividends, the company continues to make bank faster than it can disperse its capital. According to a new report from Moody's, Apple has at least $147 billion in reserves unencumbered by debt, accounting for about 10 percent of all the cash held by non-financial US companies.
The analysis, reported by the Wall Street Journal, also notes that America's top 50 companies hold about 62 percent of US corporate cash reserves. Apple's stash is rivalled only by the combined holdings of Cisco, Google, Microsoft and Pfizer, which together account for a further 15 percent. Apple plans to disperse a total of $100 billion of that money by 2015, but investors think it will have earned all of that and more in additional sales by then.
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