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Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune

Not only didApplesmash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet in the communications services sector is a distant No. 2 with $160 billi
Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune

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  • Cucumbers
    ·2021-04-30
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