Apple’s cash reserves set to cross $250 billion, report says

Apple Inc. is widely expected to tell investors on Tuesday that it now has more than $250 billion in mostly overseas cash reserves — a massive war chest that could be coming home under President Donald Trump’s proposed changes to corporate taxes.
In the last three months of 2016, Apple (NASDAQ: AAPL) added new cash to its reserves at the rate of $3.6 million per hour, the Wall Street Journal reports. It’s become so large it’s starting to challenge available superlatives — the Journal notes…

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