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Apple: $137.1bn in the bank
Apple has $137.1 billion in cash reserves, according to the company's recent first-quarter earnings, with $94 billion is stored offshore. If Apple wants to repatriate this cash, it will have to pay huge amounts in taxes and would lose a significant percent overall.
For now, Apple's just sitting on it. Doing nothing. Nada.
An investor launched sued Apple after it announced plans to get rid of "black check preferred stock" instead of cold, hard cash. This led to Apple stating that is in "active discussions about returning additional cash to shareholders."
But what else could the company actually do with $137.1 billion? Here are some of our suggestions.
Buy (almost) every American an iPhone 4
With $137.1 billion, Apple could dish out an iPhone 4 to almost every U.S. resident. The U.S. population currently stands at about 314 million, and at the current price of an unlocked iPhone 4 (8GB)—because not everyone is on the same cell network, of course—is a flat rate of $450.
And, to be fair, you could probably skip the 10 million Americans who will miss out on getting a free iPhone. Why? They're probably still in diapers and likely don't even know what an iPhone is.
Give every American a check for $436
Now we know that the current U.S. population stands at 314 million residents, if Apple were to divide up its cash reserves equally between everyone living in the country, each American could receive a check for about $436.
This time around, sure, even the kids can have a check if they want one. They can put it towards the ever-burgeoning price of college tuition.