Early this morning, Apple released the first quarter financial report of 20 18. The financial report shows that Apple's net revenue in the first fiscal quarter was $88.293 billion, net profit was $20.065 billion, and cash reserves reached $28,565.438 billion, a record high.
What is $28,565,438 +0 billion?
Up to now, based on Baidu's stock market data, BATJ's market value is 83.546 billion US dollars; Ali is 489.786 billion US dollars; Tencent's market value is about 4,348.668 billion US dollars; The market value of JD.COM is $67.652 billion.
In other words, although Apple's cash reserves are not enough to buy Tencent and Ali, it can buy three and a half Baidu or four JD.COM only by market value. Even if the two companies are packaged and sold together, plus a 30% premium, it will not exceed $200 billion, leaving Apple with more than $80 billion to maintain operating expenses.
In addition, internationally, the cash reserve of $285,654.38 billion is almost enough to buy Wal-Mart, the company with the largest turnover in the world, or AT&T, the second largest mobile operator in the United States.
Not only that, 285 1 billion dollars has far exceeded Germany's foreign exchange reserves and Pakistan's GDP with a population of nearly 200 million!
With such a huge amount of money, how Apple spends it has become a headache.
According to Luca Maestre, Apple's chief financial officer, faced with such a huge amount of cash, Apple plans to transfer a large amount of cash back to the United States for dividends, mergers and acquisitions and share repurchase.
He also said that Apple will give more details when it announces its second-quarter earnings report in April. But for now, he just said that Apple would "use all its cash for capital allocation".