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Music News

Apple are worth a staggering amount of money

Apple are worth a staggering amount of money
You know the phrase ‘licence to print money’? Well Apple have that licence, and printing they are, because they’ve just released some earnings figures. In the last three months, after everyone wondered whether the Apple Watch was a disaster and if people will still buy new iphones, Apple made a profit of $45 billion, and have a total for the their company valuation of…
 
$830 billion.
 
So what does that mean? Eddy Elfenbein used to Twitter to explain Apple has about $261.5 billion in cash, which means they could give everyone living today $35 and still be a working business.
 
Or, if you believe the Daily Mail, Apple have more cash reserves than Britain. Add your own ‘and a better economy’ jokes here.
 

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