Apple’s bank account continues to rise to stratospherically silly levels. Apple ended December 2014 with a mind-blowing $178bn in the bank. That’s a mind-blowing amount of money, but Apple has has been sitting on a Scrooge McDuck-style stockpile of gold for a few years now.
Apple Q1 2015 financial results
“By and large, my view is for cash that we don’t need – with some level of buffer – we want to give back,” said Apple CEO Cook. “It may come across that we are, but we’re not hoarders.” So what on earth is Apple going to spend such a large amount of money on?
For the last few years we’ve been running stories about how Apple could buy Lithuania or Zimbabwe many times over. However, Apple has clearly moved up the social scale and can now afford New Zealand, whose entire GDP in 2014 was $150bn.