Apple now has $162 billion in cash on hand, slightly less than last quarter (2024)

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Apple now has $162 billion in cash on hand, slightly less than last quarter? ›

Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.

Apple once famously borrowed money to pay dividends to its shareholders, while it was sitting on mountains of cash parked in tax haven countries. In this view, companies hold excess cash largely to avoid having it taxed through repatriation.

Cash on Hand as of June 2024 : $61.80 B

According to Apple's latest financial reports the company has $61.80 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

The company saw a sales decline in wearables, home and accessories, as revenue dropped to $8.10 billion from $8.28 billion. Still, that was ahead of the $7.81 billion FactSet consensus.

Apple Free Cash Flow (Quarterly): 26.71B for June 30, 2024.

Apple.com/bill appears on your billing statement when you buy an app, music, movie, or other content from Apple. It also appears when a subscription renews and when a family member buys apps or content from Apple.

Any money you receive in Messages or Wallet is automatically added to your Apple Cash balance. For users under 13, money is added to their Apple Cash card only when someone sends them money. If you use Apple Card, your Daily Cash back is also deposited to your Apple Cash card if you set it up.

Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.

Overall, I think that Apple will be able to grow its earnings by somewhere between 7% and 10% on average per year. Its market cap should more or less mirror that growth. Based on this, I predict that Apple will be worth between $4.3 trillion and $5.3 trillion by 2030.

Analysts project increases in Apple's revenue in 2025, with an average estimate of $421.4 billion. EPS is expected to increase to $7.48. AAPL soared after the announcement of the AI platform in mid-2024. The stock is up more than 20% in 2024.

Is Apple growing or declining? ›

Apple Inc. has experienced a revenue slump, with a 4% decline to $90.75bn in early 2024, including a 10% drop in iPhone sales.

Intense competition from Chinese brands such as Xiaomi and Oppo has driven this decline. Consequently, the iPhone now represents 46% of Apple's total revenue, down from 48% last year, reflecting a notable shift from past years.

September 29, 2000: Apple Drops 51.89%

The stock's steep decline was due to a number of factors, which in hindsight combined to form a perfect storm of headwinds that proved too fierce for shareholders to deal with at the time.

Here's a list of other U.S. companies with the most cash reserves as of 2024: Apple (AAPL): Apple has amassed an impressive cash reserve of around $202.6 billion according to New Trader U.

Total debt on the balance sheet as of June 2024 : $101.30 B

According to Apple's latest financial reports the company's total debt is $101.30 B. A company's total debt is the sum of all current and non-current debts.

Apple Card gives you unlimited 3% Daily Cash back on everything you buy at Apple — whether it's a new Mac, an iPhone case, games from the App Store, or even a service like Apple Music or Apple TV+.

Any excess cash is better used in different ways. In the case of Apple, it's investment in securities. These investments allow Apple to hedge against currency-related risks, and receive some revenue to keep up with inflation.

The largest part of Apple's investment in recent years was attributed for purchases of marketable securities. In the company's 2023 financial year these investments amounted 29.5 billion U.S. dollars. Marketable securities are debts that are to be sold or redeemed within a year.

Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.

Relative to revenues, free cash flow is also decreasing. The 210 basis point drop from 2023 to 2022 has been the largest since 2018, suggesting that Apple is struggling slightly more to generate cash than it is to produce revenues.