Tuesday, November 30, 2021
Archived Post

WSJ: Apple has enough moolah to operate for a year without selling a single iPhone

If there’s one company that’s in a great position to survive the coronavirus pandemic, it’s Apple. The tech giant  ended 2019 with US$247 billion in cash, securities and account receivables.

The Wall Street Journal says that’s , enough to run its operations for more than a year even if it didn’t cut costs or sell a single iPhone. For comparison’s sake, it notes that discount retailer Dollar General Corp. had $240 million, enough for about four days, in the unlikely event it had to shut its doors and didn’t cut any costs

The WSJ adds that another benefit of its cash cushion is that Apple is not subject to the restrictions on stock buybacks that the COVID-19 relief package will impose on companies receiving aid.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.