Their cash holdings alone are worth more than the total value of Walmart and Proctor & Gamble. Even subtracting $88 billion in shareholder debt, they’re also well above Microsoft, the second richest tech company valued at $126 billion. Around 93 percent of Apple’s cash is kept in banks overseas. Apple’s CEO Tim Cook said that they may move the money back into the United States if tax conditions are improved, leading investors to speculate about its potential usage. It could be given as dividend to shareholders or spent in a large-scale acquisition of another giant company. Apple’s stocks have been setting records for a number of months. At the beginning of the month, stocks were up by a massive 29%, and its 5.2 billion outstanding shares are now over $150 each. Experts expect sales to blossom even more with the release of a redesigned iPhone this fall. Some analysts believe that the company will continue to grow and break $1 trillion by the end of the year.
