Apple Sitting on $206B Cash Stash

Apple’s cash and investments clocked in at $206 billion in the third quarter, a 33 percent jump from the same period last year.

The company’s cash pile has grown even as some newer products have seen limited success: iPad sales fell 20 percent during the quarter.

Apple is channeling some of the cash into payout for investors, paying them $143 billion out of a promised $200 billion so far. Read it at USA Today.

{CB Frommer-Matzav.com Newscenter}