10 Companies That Apple Doesn't Have Enough Cash to Buy
Image source: Apple.
With a market cap of about $784.5 billion, Apple (NASDAQ: AAPL) is by far the most valuable company in the world. A lot of that value, however, is tied up in cash -- most of which Apple holds overseas. As of the end of Apple's fiscal second quarter, it had $246.8 billion in cash on its balance sheet.
Much of that cash is held overseas, and hefty repatriation taxes prevent Apple from bringing it back to the United States and deploying it. But if Apple could use all of its cash to acquire another company, its pile is so large there are only 10 companies it couldn't afford to buy.
Source: Fool.com
