As Apple customers wait for 10th anniversary handset (but don't worry, it still has £200 BILLION in the bank)
Apple posts surprise fall in iPhone sales as customers wait for 10th anniversary handset (but don't worry, it still has $256.8 BILLION in the bank)
Apple hit record $775 billion in market cap before earnings announcement
Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1
Down from 51.19 million year ago, although revenue from the smartphones rose
Has $256.8 billion in the bank - greater than the foreign cash reserves of the UK and Canada combined
APPLE'S CASH PILE
Apple's cash stockpile is greater than the foreign cash reserves of the UK andCanada combined.
The Cupertino company has $256.8 billion in the bank - double its cash pile from just four and a half years ago.
The firm has been able to avoid US corporate taxes by keeping nearly 93 percent of its $246.09 billion total cash, cash equivalents and securities off shore – a route many major companies have taken.
IS APPLE PLANNING A 'HUGE' BUY?
As Apple's stash of cash grows, so does the possibility that the company will use some of the money for a huge acquisition that would expand its empire beyond iPhones and other gadgets.
The guessing game primarily has focused on potential acquisitions of video streaming service Netflix and electric car maker Tesla Motors.
But in recent months the takeover talk has swirled around whether Apple might do something even more dramatic by trying to buy Walt Disney Co.
A marriage between Apple and Disney would create the world's first company worth $1 trillion while uniting some of the world's most successful brands in technology and entertainment.
Apple's chief financial officer told The Associated Press that the company is looking at potential acquisitions of all sizes.
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