05-05-2017 00:13 via yahoo.com

Apple isn’t as rich as it seems

As part of its earnings announcement this week, Apple revealed that it's sitting on $258 billion of cash, mostly overseas. That's more than the GDP of some small countries, and one of the easiest ways to understand just how rich Apple is.
But that $250 billion figure is actually a little more impressive than it should be. Apple's money is held overseas, but it still needs to spend cash in the US. To get around paying tax, Apple has been borrowing money, and it's currently sitting on nearly $100
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