The above graph represents Apple cash reserve by year, starting from fiscal 1990 to fiscal 2019. The company’s total cash reserves consist of actual cash, cash equivalents, and short-term and long-term marketable securities. In fiscal 2019, Apple reported a notable 13.2% YoY decline in its cash pile of $205.9 billion.
|Source||Apple’s official Reports, SEC Filings|
|Note||Apple’s fiscal year starts from October|
One must note that in 2017, Apple’s total cash on hand reached an all-time high of $268.9 billion, with 13.18% YoY growth.
In fiscal 1991, Apple had $893 million ($0.89 billion) total cash on hand, which increased to a whopping $1.44 billion in fiscal 1992, posting 60.8% YoY growth. This was the first time when the company’s cash reserves exceeded $1 billion.
Surprisingly, after the launch of the first-gen iPhone, the Cupertino giant witnessed a notable increase in its annual revenue, profits, expense on R&D and cash reserves. In just two years, Apple’s cash hoard more than doubled, from $10.11 billion in fiscal 2006 to $24.49 billion in fiscal 2008.
As the graph shows, Apple’s cash pile breached the $100-billion mark for the first time in fiscal 2012. From just $81.57 billion in 2011 to $121.25 billion in 2012, the company reported an astonishing 48.7% YoY increase in its cash pile. The company took 3 years to achieve another milestone; the total cash reserve of Apple surpassed $200-billion mark for the first time in fiscal 2015.
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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