5

Apple Now Has $121.3 Billion In Cash: More Than Amazon’s Market Cap Or A Space Station

view full story
linux-howto

http://techcrunch.com – It’s easy to forget the big picture when you report on a quarterly earnings. Apple has seen a tremendous year. With $156 billion in revenue representing 45 percent growth compared to 2011, and an incredible 61 percent increase of net income compared to 2011. But even more impressive, Apple now has $121.3 billion in cash, enough to buy Amazon or a space station, and still having some left. Amazon’s market capitalization ticks at $100.77 billion today. And many of what you could consider big tech companies have a smaller market cap. Yahoo’s market cap is $19.68 billion, Faceboo (IT news)