Apple's Gigantic Pile of Cash

Apple recently reported its 2Q financial earnings, stating that they had $65.8 billion of cash in the bank.

asymco published an analysis of Apple's report yesterday, breaking down all sorts of nifty things. Chief among them is this tidbit:

If Apple had no revenues, the current cash would sustain operations (SG&A and R&D) for over 7 years or until the middle of 2018.

There is no doubt about it, Apple is one the most financially healthy companies in the world. It is amazing how much they have grown in a down economy, and they are not showing any signs of slowing down.

[h/t Daring Fireball]