It’s no secret Apple Inc., now the most valuable public companies in the world, is making major cash off today’s tech gadgets — but how much?
After another successful quarter, the company reported a record net profit of more than $13.6 billion for its quarterly report lasting 14 weeks and ending Dec. 31, 2011. Apple is worth now more than $400 billion, which is about $6,622,516 per employee.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” Tim Cook, Apple’s CEO, said in a statement. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
It seems unimaginable to see how far $400 billion could be used. More than $97.7 billion of Apple’s money is in cash reserves, and two-thirds of the money is stored offshore.
The infographic created by MBA Online puts into perspective Apple’s cash power and influence around the world.
“What would you do with $97 billion in cash?” writes MBA Online. “While we may never know, Apple is currently pondering that question.”
“This graphic explores some unique comparisons to put the world’s most valuable public company into perspective. Perhaps more money doesn’t necessarily mean more problems.”
According to the infographic, Apple could pay a corporate tax on its massive cash reserves of $97.7 billion, that money could buy an iPad for every person in Canada and Greece.
Moreover, Apple’s cash reserve is enough to pay off the total public debt of 8 EU countries, including Slovakia, Luxembourg, Bulgaria, Lithuania, Latvia, Cyprus, Estonia and Malta.