The above graph represents the QoQ growth in Apple cash reserves 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 $193.62 billion total cash on hand as of June 27, 2020, representing a notable decline of 8.1% when compared to the year-ago period.
One must 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.
Growth in Apple’s Cash Reserve by Quarter
|Source||Apple’s official Reports, SEC Filings|
|Note||Apple fiscal year starts from October 1st|
In fiscal Q4 2019, Apple cash reserve declined 2.2% QoQ and 13.2% YoY to $205.9 billion – the lowest in the last 15 quarters.
One must note that in fiscal Q3 1996, Apple recorded the highest-ever quarter-over-quarter growth in its cash reserves i.e 129.6%. The company’s financial position with respect to cash, cash equivalents, and short- term investments increased to $1.36 billion ($1,359 million) during the April – June quarter, from just ($0.59 billion) $592 million during Jan-March quarter.
On the other hand, the maximum quarterly decline in Apple’s cash reserve was reported in fiscal Q2 1996. During the Jan-March quarter, Apple lost nearly half of its cash on hand, declined from $1.1 billion to $0.59 billion.
It is important to note that Apple’s cash on hand increased drastically from just $9.18 billion in fiscal Q3 2006 to a whopping $158.8 billion in fiscal Q1 2014. This was the first time in the history of Apple when the cash reserve kept increasing with each passing quarter.
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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