A lot of their business requires liquidity. I am happy they are able to conduct their business, but, don't complain that one quarter is lower than another. No sympathy.
I think Apple's change in the 3rd quarter cash reflects what the economy was doing. The Northern Hemisphere was having fun in the sun and not necessarily at home purchasing online.
October 29, 2020By Michelle Gao
Apple (click here) 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 back below that number.
