If Apple Inc. were a bond fund, it would dwarf thecompetition.
The iPhone-maker has $148 billion of its record $257billion cash pile invested in corporate debt alone, accordingto a company filing from Wednesday. That's enough to buy all theassets in the world's largest fixed-income mutual fund, theVanguard Total Bond Market Index Fund, which has about $145 billionof assets including company, government and mortgagebonds.
Like many technology companies, Apple has resistedtransferring the money it earns abroad back to the U.S. to avoidtriggering corporate income taxes on the earnings. Instead, thecompany invests in corporate bonds and other assets like moneymarket funds and U.S. Treasuries.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
