Apple's Total Cash Reserves Could Buy Nearly Every Major Sports Team on the Planet

[dgstorm]

Off topic news of the day!

Last week Apple's earnings report was revealed. Unsurprisingly, they had a monster quarter, posting $51.5 billion in revenue and snatching up a quarterly profit of $11.1 billion. This gives the company a new cash reserve of $206 Billion US Dollars. The folks at BGR put together a fun little analysis which concludes that Apple could actually afford to buy almost every "major" sports team in the world, and still have money left over!

Here's their breakdown:

• 32 United States NFL Football teams = $37.2 billion
• 29 United States NBA Basketball teams = $32 billion
• 30 United States Major League Baseball teams = $36 billion
• All United States NHL Hockey teams = $14.7 billion
• 20 United States Major League Soccer (MLS) teams = $3.14 billion
• Top 20 International Soccer (Football) teams = $23.2 billion

That equates to $146.24 billion USD, which leaves Apple's coffers with a grand total of $59.76 billion USD. Even if you extrapolate this out further, that's enough money to easily buy all of the rest of the other soccer teams that don't post their values. That's an insane amount of money for any company to horde. Share your thoughts and rants.

 

[recDNA]

I hear they have enough money to purchase all the pipe cleaners on earth creating a huge demand resulting in insane prices!

 

[tgyberg]

WOW, hard to image!

 

[Powarun]

If any team buys my part of the GB Packers, I do wonder what kind of memorial would be built.

 

[Dusty]

I WISH they would buy the Baltimore Orioles. The current owner is a total waste.

 

[cr6]

That's crazy. I guess that's what happens when the factories you use to make your product only pay their employees 2-3 bucks an hour.
SMH

S5 tap'n

 

[KooleyCat]

can't imagine.. if that's their earnings.. I'm curious what benefits they had for their employees..hhhmm

 

[tech_head]

can't imagine.. if that's their earnings.. I'm curious what benefits they had for their employees..hhhmm

The benefits if you are in the engineering arm are pretty good along with salary.
Don't know about retail. I know people in engineering.

 

[pc747]

Smart business practice. Most companies are a few bad days from having to close their doors. And they have high ratings on Glassdoor http://www.glassdoor.com/Overview/Working-at-Apple-EI_IE1138.11,16.htm

Take care of your people and they will take care of your product and customers.

 

[jkaod]

Buy android phones and buy Apple stock.

 

[thunderbolt_nick]

Daaaaang! ALL 20 MLS teams ( one which Microsoft owns ) and Manchester United and Bayern Munich...shoot you could just own the soccer world from those purchases.

Sent from my Nexus 6 using Tapatalk

 

[boidsonly]

And every bit of that $ is hidden off shore in tax shelters...