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Apple Sitting on $206B Cash Stash

$$$

Despite falling iPad sales.

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© Beck Diefenbach / Reuters

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

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