News for hackers. Stuff that matters.

A comment on Apple's cash hoard swells to $246B. Parent comment

Re:Apple's cash hoard swells to $246B by prklmn on Saturday April 15, 2017 @10:41PM (#14124069)
> The money is currently just sitting in a "bank" somewhere, collecting extremely low interest rates.

That's not true. It's not all cash and most likely is mostly not cash. They report it as being cash and cash equivalents.

http://www.zerohedge.com/news/2015-07-23/worlds-biggest-hedg...

[ Parent | on HN ]
Re:Apple's cash hoard swells to $246B by TuringNYC on Sunday April 16, 2017 @02:13AM (#14124621)
When companies say "cash", it is not physical cash, but cash in the bank. It may not even be in a bank, but may be in money-market funds. It is usually stashed away in highly-liquid money market funds which return slightly more interest than the bank would.
[ Parent | on HN ]
Re:Apple's cash hoard swells to $246B by RhodesianHunter on Saturday April 15, 2017 @11:32PM (#14124186)
Zero Hedge is the Breitbart of economic news. I'm not saying you're wrong, but using them as your source does not win you any points.
[ Parent | on HN ]
Re:Apple's cash hoard swells to $246B by prklmn on Sunday April 16, 2017 @09:45AM (#14125754)
I agree with you, but they had the most informative article on this topic.
[ Parent | on HN ]