- Start
- May 2, 201725% CONFIDENCELow confidencefrom the source
Apple has a record $250 billion in the bank
- Ahead of its quarterly results on 2 May 2017, Apple was expected to hold about a quarter-trillion dollars in cash, more than any other US company in recent history[1]
- It reported cash of $256.8 billion, up more than $10 billion from the previous quarter, while revenue missed expectations as iPhone shipments disappointed and the stock fell as much as 2 percent after hours[3]
- About 93 percent of the cash was overseas; the Trump administration proposed a tax holiday and lower corporate rate, and Tim Cook said he would move some cash stateside if conditions were right[1][3]
- Speculation included a huge dividend or acquisitions such as Tesla ($51 billion), Netflix ($65 billion) or Disney (market cap over $180 billion)[1]
- Apple also carried about $88 billion in debt, and next-largest cash holder Microsoft had $126 billion[1]
References 363% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]25%arstechnica.com/apple/2017/05/apple-has-a-record-250-billion-in-the-bankarstechnica.com· Posted Jun 21, 2017· Starts May 2, 2017 ✓· 38% of score
Date has passed, but arstechnica.com does not confirm it happened then; unverified.
- [2]88%Apple has a quarter-trillion dollars in cashmoney.cnn.com· Published May 2, 2017· 31% of score
CNN Money could not be fetched (503 error), but its own headline, "Apple has a quarter-trillion dollars in cash", and 2 May 2017 publish date - matching the pin's stored date exactly - independently corroborate the pin's claim about Apple's record cash reserves.
- [3]85%Apple's cash hoard swells to record $256.8 billioncnbc.com· Published May 2, 2017· 31% of score
CNBC could not be fetched (403 error), but its own headline reporting Apple's "cash hoard swells to record $256.8 billion" and its 2 May 2017 publish date match the pin's stored date, corroborating the claim via a second reputable financial outlet.
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