Earlier this year it was revealed that Apple had the most successful quarter in business history, and now the tech giant has revealed its latest cash tally, with it weighing in at a staggering $194 billion.
It’s difficult to remember a time when any form of bad news was reported by the Apple camp. Even the Apple Watch, which many thought would prove to be a monumental flop for the company, has proven to be a financial success with reports coming from analysts that suggests the wearable had made $3 billion in sales. Now the company has revealed in its Q2 2015 financial results conference that it has a total cash sum of $194 billion, along with achieving its second-best quarter ever.
Also See: Apple Watch is “Apple’s Most Profitable Product Ever”
As noted by TechCrunch, this number is a summary of its cash, cash equivalents, short-term marketable securities, and long-term marketable securities, with its second quarter of 2015 bolstered by continued iPhone, Mac and App Store purchases, leading to a 27% revenue growth and 40% EPS growth.
CEO Tim Cook is excited to see where the Apple Watch takes the company.
Speaking of the success of their Q2 2015, Apple CEO Tim Cook said: “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever.
“We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”
If the projected profit margins for the Apple Watch are correct then the company could be set to enjoy an even more successful third quarter of the fiscal year, with the smartwatch looking set to continue their successful start to the year by bolstering the record-breaking iPhone 6 and 6 Plus sales with a new line of revenue for the company.
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