Feeds

All rivers flow into the sea: Apple holds TEN PER CENT of corporate America's dosh

Fruity firm's sitting pretty on a $147bn pile of greenbacks

Business security measures using SSL

Apple holds just over one in ten of all corporate America's dollars, according to an analysis by ratings firm Moody's.

In a report first cited by the Wall Street Journal, Moody's said the fruity firm holds a $147bn cash reserve. Microsoft struggled into second place, with its war chest amounting to about $77bn - just under half of Apple's total.

Moody's analysis, which excludes financial firms, found that the tech sector boasted the largest cash reserves of all industries, holding a total of $515bn, with the healthcare and pharmaceuticals sector in distant second with total cash reserves of $146bn.

Excluding financial companies, American corporations held a total of about $1.48tn in cash as of June this year. Total reserves have grown by about 2 per cent from the $1.45tn that US corporations were hoarding at the end of last year, and a massive 81 per cent from the paltry $820bn companies held at the end of 2006.

Naturally, cash is concentrated at the very top of the corporate food chain, with the top 50 of the 1,000 companies that Moody's surveyed controlling 62 per cent of the cash.

Apple are known to have a predilection for storing cash overseas, in a bid to duck the 35 per cent US tax rate.

In total, Moody's reckoned that corporate America holds about 61 per cent of its total dosh overseas, amounting to about $900bn.

“In the absence of tax reform, we expect overseas cash to continue to grow,” Moody’s analysts concluded. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.