Apple's $160 Billion Mystery

There's a mystery to the data Apple released for the first quarter of fiscal 2014. Its cash position has increased by $12 billion to $158.8 billion; it usually goes up in the first quarter, but why does it never go down?

There's a mystery to the data Apple Inc. released for the first quarter of fiscal 2014. Its cash position has increased by $12 billion to $158.8 billion; it usually goes up in the first quarter, but why does it never go down? Based on the previous quarter's results, Carl Icahn -- whose company owns $4.7 billion worth of Apple shares, according to data compiled by Bloomberg News -- called the iPhone maker "perhaps the most overcapitalized company in corporate history."

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