Tech

Apple now has $191.83 billion in cash on hand — down nearly 7% from a year ago

Key Points
  • Apple has $191.83 billion in cash, according to its fiscal fourth-quarter earnings.
  • That's down from the company's fiscal third quarter of 2020, when it reported $193.8 billion in cash.
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Apple now has $191.83 billion cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. 

That's down from the company's fiscal third quarter of 2020, when it reported $193.8 billion in cash. It's also down from Apple's fiscal fourth-quarter 2019 earnings, however, when it reported $205.9 billion in cash.

Apple regularly has one of the largest cash piles among U.S. companies and hit a $2 trillion market cap in August, although it has fallen below that number.

Google and Amazon had $121.08 billion and $71.77 billion, respectively, at the end of the second quarter, according to FactSet. Microsoft had $137.98 billion at the end of its fiscal first quarter, according to FactSet. Microsoft's first-quarter 2021 results were released earlier this week.

Apple has continued to invest in Apple TV+ original content and new upcoming services such as Fitness+, which will offer fitness classes on iPhones, iPads and the Apple TV to Apple Watch owners. Fitness+ is set to launch by the end of this year.

Apple has had a busy product launch season, most recently with the release of the iPhone 12 and iPhone 12 Pro and a new iPad Air. The iPhone 12 Mini and iPhone 12 Pro Max will launch in November, as will the $99 HomePod Mini speaker.