AAPL cash reserves Stories May 1

AAPL: 146.58

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Update: Apple confirmed that its cash reserves now sit at $256.8B.

Apple’s cash reserves now exceed more than $250B, reports the WSJ. The company will report the actual number in tomorrow’s earnings report.

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled corporate hoard that is greater than the market value of both Wal-Mart Stores Inc. and Procter & Gamble Co. and exceeds the combined foreign-currency reserves held by the U.K. and Canada combined.

While there’s as yet no official confirmation of the number, it seems a pretty safe bet …

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AAPL cash reserves Stories April 30, 2014

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