Apple now has $191.83 billion in cash on hand — down nearly 7% from a year ago
That’s down from the company’s fiscal third quarter of 2020, when it reported $193.8 billion in cash. It’s also down from Apple’s fiscal fourth-quarter 2019 earnings, however, when it reported $205.9 billion in cash.
Apple regularly has one of the largest cash piles among U.S. companies and hit a $2 trillion market cap in August, although it has fallen below that number.
Google and Amazon had $121.08 billion and $71.77 billion, respectively, at the end of the second quarter, according to FactSet. Microsoft had $137.98 billion at the end of its fiscal first quarter, according to FactSet. Microsoft’s first-quarter 2021 results were released earlier this week.
Apple has continued to invest in Apple TV+ original content and new upcoming services such as Fitness+, which will offer fitness classes on iPhones, iPads and the Apple TV to Apple Watch owners. Fitness+ is set to launch by the end of this year.
Apple has had a busy product launch season, most recently with the release of the iPhone 12 and iPhone 12 Pro and a new iPad Air. The iPhone 12 Mini and iPhone 12 Pro Max will launch in November, as will the $99 HomePod Mini speaker.