Apple CEO Tim Cook visits an Apple store in Shanghai, China.
Aly Song | Reuters
That’s up from the company’s fiscal second quarter of 2020, when the company reported a $192.8 billion cash pile. It’s down from Apple’s fiscal third quarter 2019 earnings, however, when Apple reported $210.6 billion in cash. Apple has been investing in new services, like Apple TV+ original TV shows and movies. It also spent $13.8 billion in research and development over the last 9 months, according to its earnings report.
Apple has continuously hosted one of the largest cash piles among U.S. companies but has faced pressure from the Covid-19 pandemic. A majority of Apple’s retail locations across the globe are now open but many in the U.S. remain closed.
Still, Apple shares have largely recovered from the pandemic low-point in March. Shares are up more than 30% year-to-date and more than 83% since Apple reported third-quarter earnings last year.