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Cash-Rich Tech Companies, Apple Lags?

Tuesday, 28 Feb 2012 | 4:19 PM ET
Sheet of US one hundred dollar bills
Don Farrall | Digital Vision | Getty Images
Sheet of US one hundred dollar bills

When you think of cash-rich companies, the first name that may come to mind is Apple.

But relative to its size, is Apple holding more cash than its peers? The answer, perhaps surprisingly, is no.

Apple, the darling stock of retail investors and hedge funds, made waves in the past quarter when its cash number was reported to be at $97.6 billion.

This amount, however, includes cash, short-term and long-term investments, with the latter not always being as liquid as the first two.

On Monday, the CNBC Analytics team published a list of “10 Cash-Rich Companies," which compared cash and short-term investments of individual companies to their assets. Since cash holdings can vary significantly by industry, the slideshow isolated firms with the largest cash holdings within all 10 S&P 500 sectors.

Apple, however, did not make it to the list. » Read More

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.