Despite the gloomy picture that Apple Inc. (NASDAQ:AAPL) is not able to achieve via sales of iPhone, the iPhone maker is still having an amazing cash on hand numbers to beat all its market competitors.
Apple Inc. (NASDAQ:AAPL) is now having $137.1 billion in cash, which shows an increase of 12.9 percent from the last reported number, $121.3 billion. Apple with such a big figure, is having more cash in hand than the Vietnam’s GDP and Hewlett-Packard Company (NYSE:HPQ)’s annual revenue.
Hewlett-Packard Company (NYSE:HPQ)’s annual revenue in 2012, were of $120.4 billion and Vietnam’s nominal GDP of $123.6 billion, so Apple slightly edges on both.
On the other hand, it rival firm, Samsung Electronics’ annual revenue is also bit higher than that, as it is would touch the figure $180 billion for the fiscal year of 2012, as expected by market analysts. However, Apple is still dominating Samsung when it comes to cash.
Apple Inc. (NASDAQ:AAPL) is still a most viable tech company, with its ability to generate handsome profits that it has been continuously generating over the past few years. Still, there is no end point of Apple’s impressive pile of cash with its short-term investments on hand.
Apple’s cash is part of the reason why Apple shares have been trading very high over the past twelve months, as it is having a market capitalization of $480 billion. But the fact of volatility around Apple shares is not neglect-able and, its cash demonstrates that the company can innovate, acquire and move into other markets very easily.
Despite some signs of weakness in Apple Inc. (NASDAQ:AAPL) growth, it seems that company is little bit quiet about its future plans in 2013, how it would go to meet the tech market challenges.
Hewlett-Packard Company (NYSE:HPQ) stock fell -0.94% to $16.85 in afterhours trading on Wednesday, Apple shares plummeted -9.83% to $463.49 in afterhours trading on Wednesday.