The above graph represents Apple cash reserve by quarter, starting from fiscal Q1 1995 to Q3 2020. The company’s total cash reserves consist of actual cash, cash equivalents, and short-term and long-term marketable securities. Apple has $193.6 billion cash on hand as of June 27, 2020, representing nearly 8.1% YoY decline. However, when compared to the previous quarter, the company recorded a flat 0.4% QoQ growth in its cash pile.
Growth in Apple’s Cash Pile: History
|Source||Apple’s official Reports, SEC Filings|
|Note||Apple fiscal year starts from October 1st|
In fiscal Q4 2019, Apple cash revenue stood at $205.90 million – the lowest in the last 15 quarters. That was a notable 2.23% decline from the previous quarter when Apple reported about $210.6 billion cash on hand.
On a yearly basis, it’s a 13.2% decline from Q4 2018 when Apple was sitting on a cash pile of $237.1 billion.
The decline in Apple’s cash pile in Q419 primarily due to the company’s increasing operating expenses such as research and development, and Selling, general and administrative.
It is important to note that in fiscal Q1 2018 (Oct-Dec 2017), Apple’s cash hoard swelled to a record $285.1 billion, with an impressive 6% QoQ and 15.85% YoY increase. However, it has started declining from the following quarter itself.
In fiscal Q4 2010 (during Jul-Sep 2010), the Cupertino giant was sitting on a cash pile of $51 billion, with an applaudable 11.28% QoQ growth in its cash reserve. Surprisingly, that figure more than doubled in the next 6 quarters, to $110.2 billion in fiscal Q2 2012.
Apple’s cash pile surpassed the $200-billion mark for the first time in fiscal Q3 2015. The company reported nearly $202.8 billion cash in reserve in the quarter, which increased to $231.5 billion in Q3 2016.
About Apple Inc: Additional Information
Apple Inc. (NASDAQ: AAPL) was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company is popularly known for its line of smartphones called iPhones. Apart from iPhones, the Cupertino giant develops and sells iPad, Macbooks, iPod, Apple Watches, Apple TV, HomePod, and some other online services.
Apple’s first product was Apple I, a desktop computer that was designed and hand-built entirely by Steve Wozniak.
On December 12, 1980, Apple went public, by selling 4.6 million shares at $22 per share.
On January 9, 2007, Steve Jobs unveiled the first generation of iPhone at the Macworld 2007 convention, in San Francisco. However, it was launched on June 29th in the United States, at the price of $499 for the 4GB model and $599 for the 8 GB model. After the initial hiccups, the worldwide sales of iPhone skyrocketed from fiscal Q4 2008, when Apple recorded nearly 9X jump in the sales of the iPhone.
After 10 years, in September 2017, Apple Inc. celebrated its 10th anniversary of iPhone by launching its most-expensive, most-innovative iPhone X, along with iPhone 8 and 8 Plus.
With a brand value of $205.5 billion, Apple tops the list of World’s Most Valuable Brands 2019 by Forbes, for the ninth year in a row.
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