Apple's Year End Cash Equivalent Of $97.6 Billion Makes It The 58th Largest Economy In The World

Tyler Durden's picture

After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities: Treasurys? Pretty soon Apple will be a bigger monetization force than the Fed), the company's total cash and equivalents horde is now just shy of $100 billion, or $97.6 billion. And with cash growing at 20% in the quarter, extrapolating into the future, means that the company will hit $1 trillion in cash by Q1 2015. Looked at otherwise, if Apple were a country, and its cash was equivalent to GDP, it would rank as the world's 58th largest economy, above such countries as Slovakia, Iraq, Luxembourg, and Syria. At least now we know where all that money that is not going to pay mortgages, is going. Next question: how long until uncle Sam demands windfall tax, or until the FoxConn workers learn to read press releases and politely request a pay raise or they all jump?

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slaughterer's picture

I want to live in the Republic of Apple from now on.  

VanillAnalyst's picture

bet it would be just like the smug pollution episode of south park. Screw Apple and their bullshit hipster meets technology business model. MSFT EXCL FTW.

slaughterer's picture

So angry, whereas AAPL ...  so successful and rich. 

Kick_the_Kan's picture

great for them to be accumulating all this cash but I wouldn't be too happy if I was a shareholder and some of it didn't get returned as dividends.....thats a lot of cash to have parked in low yielding treasuries or interest bearing accounts with real inflation eating away at it at the rate of 10% per annum 

Manthong's picture


At over $400 Billion, AAPL is worth about $50 Billion more than that little stash of gold the Fed has at 33 Liberty Street.

Or is it?

TruthInSunshine's picture

Apple is building an elite military, and plans in invading large chunks of Afghanistan, China and Tibet, in a bold move to ensure a steady supply of rare earth metals.

Building a military force capable of taking and holding these areas will be a cash burn intensive endeavor.

Hedge accordingly.

Dingleberry's picture

Why can't I get some Chinese slave labor? Damn, that is serious money......

pkea's picture

who needs to buy 37 million iphones per quarter? the people are stupid and you can surely count on that:)

Gubbmint Cheese's picture

I wonder if they'd be interested in buying some italian bonds...


Greek bonds?


CClarity's picture

I think we need them to keep buying USA.  If people are worried about Greek or Italian debt, just imagine what hell would break loose if US debt buyers, I mean "investors", dry up?

Manthong's picture

"Greek bonds?"

Um.. I think they can buy the country outright.

I'm just ticlked pink that we now have confirmation all the problems of the world are solved.

Buttertooth's picture

While reading your comment on Apple buying Greece outright, I couldn't help but imagine an old sci-fi movie from the 70's.  The ancient ruins of the greeks delicately decorated with the latest technological gadgets. Polyester clad men and woman, careless and unafraid, roam the stone streets.   

Roy T's picture

As I said on the other post, next I'd like to see the IMF go begging to AAPL after China and Brazil to help increase their firepower.

fonzannoon's picture

I don't know why it took me so long to realize that if you are short a market that has tsunami after tsunami of liquidity rolling in you will get crushed.

SheepDog-One's picture

What 'liquidity' is rolling in where? Isnt Apple supposed to be paying dividends instead of hoarding cash as a public company?

hedgeless_horseman's picture



Silly Sheepdog, Apple is not an income stock, it is a growth stock, just like UNH, AET, WLP, CI, CVH, and HUM.  These growth stocks all focus on growing revenues every quarter so that the management can meet the bonus requirements.  This is hard to do, because they must either get more customers/sales like Apple, or raise the price of the product while decreasing expenses, just like these health insurers are all doing.  Now do you see why these growth companies all have such high PE ratios? 

disabledvet's picture

Your timing would have to be perfect shorting this market three years running. Since that's impossible you are obviously a liar. But that's okay.

fonzannoon's picture

Who has perfect timing and who is shorting the market 3 years running and why is lying? Sorry no idea what you are talkng about. But thats okay.

SheepDog-One's picture

And youll find out the same too one of these mornings when the FED pulls the rug out and chops off all these arrogant bulls nuts, you cant 'time' it when youre dealing with market manipulating supercomputers. 

fonzannoon's picture

it won't end well. But it seems like a losing proposition betting against them in the meantime.

SheepDog-One's picture

Well I said long ago Im not betting against them at all other than buying gold and silver.

fonzannoon's picture

I will admit I am totally lost on the apple story. I just don't see how that many people have that kind of cash to piss away on a phone that allows you to check your facebook account. I guess I will never get that.

SheepDog-One's picture

Other than people with extra money from not paying their mortgages anymore, I dont know where the cash comes from. 

IndicaTive's picture

Because it makes it easy to be a "tekkie," or at least look like one.  No intelligence required. And when it breaks, you get to go to a hip and trendy Apple Store where they treat even the most obvious of idiots like they are geniuses and fix it for them for $200 minimum. Never underestimate the premium people will pay you to dumb it down for them. Fucks sake.

ihedgemyhedges's picture

Luxembourg would be a nice acquisition for them.  Would pass on the rest of them............

Elwood P Suggins's picture

Yeah they could fire that asshole Juncker.

fonzannoon's picture

"At least now we know where all that money that is not going to pay mortgages, is going"

In America you can stop paying your mortgage, stay put in your house for several years before the bank gets around to you, and have plenty of money to piss away on Ipadpods.

I am a Man I am Forty's picture

Where is Reggie and his nonsense, I want an apology.

hotkarlandtheclevelandsteamers's picture

What are you talking about Reggie shorted in AH at 461 and closed it out at 451.  The big black man will be on hear with a post pumping his chest telling us how he all told us so.

The Axe's picture

How can analsist be that

ForTheWorld's picture

Well, with the application of topical alcohol and the swift movement of a scalpel, any analsist can be off, like that.

falak pema's picture

being anal is not banal, but is it sistemic risk?

alien-IQ's picture

If Apple were a country...America would probably find an excuse to bomb it into the stone age.

Either that or they'd force them to join the Euro.

Goldilocks's picture

Yah, no kiddin’... makes yah wonder if the PTB have a symbiotic relationship with Apple, via the i-spy phone.

falak pema's picture

I wonder how much Apple has to pay to not get milked by Congress, given the budget deficits, that keep up with Apple's profits; but in backwardation waltz not contango tango; apart from handing out its shares free be to TPTB. O'bammy loves Mrs Jobs, and I think she will now have her hands full making appearances for O'bammy on election trail. Luckily for her, he is no Bill C or Newt G, or she would be out of mourning and into pink panties before you could say "yes we can!" on their behalf. She should not stay single for long. There will be a long horn to sing her a morning song, I'll eat my Ipad, if that is proven wrong!

Belarusian Bull's picture

Soon, Apple will be able to buy Greece. With cash upfront.

prains's picture

Soon, Apple will be able to buy Greece. With cash upfront.


soon it'll be able to buy california for a case of fartknuckles

Belarusian Bull's picture

So, time to long fartknuckles(whatever they are)?

I want a california as well.

prains's picture

Trade them at your peril


Point taken, this is a trading blog but from what I read here at ZH we're down to farting on our hands

and trading the smell, nothing left to do but watch people exit the room. Hence, fart knuckles

youngman's picture

It makes me laugh..but Apple is a very liberal company....but yet it manufacturs in China mainly.....but no problem with the liberals on that..and they gouge you with the price...greed comes to mind...but that is ok with the liberals...its only bad if you are an oil company or health company....what a double standard....Apple has destroyed many business´s ..but that is OK too...its away...its a religion...but liberals don´t like that either....

alien-IQ's picture

Would you be happier if people used stone tablets and a chisel?

Come on man, really? Does everything have to boil down to this ridiculous liberal/conservative/democrat/republican nonsense?

It's a fuckin computer for god sake.

Arthur's picture

Very true.  

Always liked Apple but they cost more and until recently Apple products did not play well in Microsoft dominated office environment.   If  I wanted to take work home I had to have a windows based machine in past years.  Now it has changed.  Apple cultivated a cult feel/brand loyalty and it worked because they also built a superior integrated products.

liberal /conservative has nothing to do with anything unless one to use the poor anaolgy of microsoft as conservative and apple as liberal bu then what the heck are linux and android/google based products?

disabledvet's picture

"greed is good. But we're selective...

LetThemEatRand's picture

you are an incredibly simple-minded fella, aren't you?   how does your worldview handle the fact that a "liberal" company is so hugely successful?

youngman's picture

"how does your worldview handle the fact that a "liberal" company is so hugely successful?"

Thats the point I am making...I do not have a problem with it...but tonight you will hear all about the wealthy fair share....and how oil companies gouge...and health companies gouge..and insurance companies gouge...but to me ...Apple gouges more....but yet not a peep out of a liberal for it....I am all for success and I am all for not being shit on because you are succesful...maybe you liberals can learn something from Apple...and let the rest of us go and do what we think is best....

Sheriff Douchenik from AZ's picture

+1 youngman...u hit the nail on the head with liberal double standard regarding Apple...that said not a company I'd short anytime soon.

SheepDog-One's picture

Apple...where liberal douchebags throw all their high minded ideals to the winds and glom onto slave labor built overpriced religious cultist gizmos they largely dont need.