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Apple's cash reserves exceeded $261.5 billion to easily buy Wal-Mart
[Global Science and Technology Report] According to CNBC's report on August 2nd, Apple's cash reserves once again saw an increase this quarter compared to the previous period of $256.8 billion, surpassing $261.5 billion. This marks a 13% rise from the same time last year.
Based on the current market valuation, Apple’s cash reserves are so substantial that they could easily cover the acquisition of Oracle, the global leader in information management services, with approximately $54 billion still left in reserve. Alternatively, they could afford to buy Walmart, the world's largest retailer by revenue, or even AT&T, the second-largest mobile carrier in the United States.
Luca Maestria, Apple's CFO, mentioned that $246 billion of Apple's cash reserves are held overseas, representing 94% of the total.
In a conference call with analysts, CEO Tim Cook emphasized that Apple’s operations span the globe: a newly opened retail store in Dubai is central to Apple's new retail strategy. This quarter, iPad sales in key markets such as the U.S., Japan, Germany, France, and China saw double-digit growth.
However, Apple also faces significant tax challenges related to profit repatriation. Cook himself strongly supports tax reform, particularly the one-time repatriation proposal put forward by President Trump. This policy would allow Apple to invest these funds in acquiring other companies or returning profits to shareholders.
Besides the highly anticipated investments in Didi and Beats, Apple has remained relatively cautious in its overall investment strategy, focusing primarily on research and development. During this quarter, Apple's R&D spending increased from $2.56 billion during the same period last year to $2.94 billion, maintaining a steady nine-month growth trend.
Rob Guber, an Apple investor and CEO of Gerber Kawasaki Wealth and Investment Management, expressed his appreciation for Apple's strategic acquisitions. "The purchase of Beats was a good move for Apple," Guber remarked. "I believe Apple should explore more opportunities in other fields and consider diversifying its portfolio."
Despite these developments, Apple continues to maintain a prudent approach, prioritizing long-term growth through innovation and strategic investments. As one of the most valuable companies globally, Apple's financial strength remains unparalleled, positioning it well for future endeavors. (Translated by Wang Xi, reviewed by Li Zongze)
[Image Caption: Data visualization illustrating Apple's cash reserves and potential acquisition capabilities]
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Apple's impressive cash position has sparked discussions about potential acquisitions and strategic investments. While the company has made notable strides in R&D, there is speculation about whether Apple might expand into new sectors beyond consumer electronics. Investors like Rob Guber advocate for broader diversification, suggesting that Apple could benefit from exploring partnerships or acquisitions in emerging industries. However, Apple's leadership seems content with focusing on its core strengths while maintaining a robust war chest for unforeseen opportunities.