Apple Now Has $97 Billion in Cash

Apple has posted yet another record quarter this week, adding several dozen billion dollars to its cash pile to reach a whopping $97 billion that the company now has in the bank. More than half of that money is currently held overseas.

During yesterday’s conference call, Apple Chief Financial Officer, Peter Oppenheimer, stressed on several occasions that the near-$100 billion in cash was not going to “burn a hole” in Apple’s pocket.

The CFO avoided hinting at possible new acquisitions and / or investments, but did note that his company was “thrilled” to acquire the “fantastic tech talent” of Israeli Flash memory firm Anobit. Apple is known to make timely key acquisitions to continuously strengthen its position in every possible segment of the tech industry.