Apple famously sits on a huge stockpile of cash – $215B at the latest count – but a new report from corporate credit rating agency Moody’s puts the number into perspective. It shows that if you exclude banking & finance, a sector that sits on a lot of cash by definition, just three companies hold 23% of all the corporate cash in the USA: Apple, Microsoft and Google.
GeekWire notes that this is the first time that all five of the top spots have been held by tech companies, with Apple holding twice as much as Microsoft and three times as much as Google …
more…Filed under: AAPL Company
