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Apple now has $193.817 billion in cash, according to the company’s third quarter earnings report released Thursday.
This represents an accumulation from the fiscal quarter of the company’s time in 2020, when the company reported a $192.8 billion pile of money. However, this is below Apple’s third quarter earnings in fiscal 2019, when Apple reported $210.6 billion in money. Apple has invested in new services, such as Apple TV: TV screens and original movies. He has also spent $13.8 billion on studies and progression over the past nine months, according to his effects report.
Apple has continuously hosted one of the largest piles of money among U.S. companies, but has faced the tension of the Covid-19 pandemic. Most of Apple worldwide are now open, but many in the U.S. remain closed.
Still, Apple’s inventory largely recovered from the lower point of the pandemic in March. Stocks have risen more than 30% since the start of the year and more than 83% since Apple announced its effects in the third quarter last year.
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