Apple Q3 Earnings: Apple Now Has Over $117 Billion In Cash Reserves

Biggs is the East Coast Editor of TechCrunch. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at... ? Learn More

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Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as well as an improved economy. Asia-Pacific growth increased 25% this quarter (down from 100% last quarter), 2/3s of which came from China.

Apple announced they would also continue their stock buyback program over the year.

AAPL closed with a market cap of 561.90B while competitors like Dell and HP closed at 20.23B and 35.46B respectively.


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