Apple Wants To Make Your iPhone A Lot More Eco-Friendly
The company eventually wants to stop mining the earth for minerals and use recycled ones instead.
LEARN MOREApple Has A Record Amount Of Money In The Bank
Apple's cash pile hit over $250 billion in the second quarter, setting a record for the company.
Apple Has A Record Amount Of Money In The Bank
Getty Images
May 3, 2017
Apple has a lot of money.
That might not come as much of a shock, but Apple's second quarterly report shows its cash hoard has hit $256.8 billion.
That's more than the entire market value of General Electric or Walmart.
How did the tech giant do it? Well, Apple is pretty conservative when it comes to its investments and boosting stock prices.
Former CEO Steve Jobs wasn't into buybacks or paying dividends.
Buybacks are when a company buys its own shares to make fewer available on the market, thus increasing the value. Dividends are earnings a company gives to its shareholders.
But current CEO Tim Cook is slightly more generous when it comes to shareholders. He's also been more liberal with investments and acquisitions. Apple bought Beats Electronics for $3 billion in 2014.
The cash pile is a record for the tech company. Most of the money is held in offshore accounts because taxes are lower than in the U.S.
But President Donald Trump proposed to slash taxes for businesses in April. Cook said if that happens, the company would bring money back to the U.S.
2:16
Netflix password-sharing changes could push other platforms to follow
Netflix still plans to change password-sharing rules after catching heat online, and its streaming competitors are taking notes.
By AP3:07
AI, like ChatGPT, is creating teaching challenges on college campuses
Plagiarism is nothing new, but the role artificial intelligence is playing in it is now a concern at colleges across the country.
By Scripps News1:31
Drones are being tested to deliver AEDs to cardiac arrest emergencies
Sweden is one of the first places to develop an AED drone delivery program, and over the span of four months, they made 11 deliveries.
By Scott Sonner / City of Flirtey via APTop Stories
1:37
More businesses are allowing pets in the office
A survey from Rover.com says nearly 75% of people are more likely to stay with a company that lets them bring pets to work.
FDA recalls hundreds of products after listeria detected at facility
The products, sold by Fresh Ideation Food Group, have a Fresh Creative Cuisine label and/or identifier on the bottom of the label.
By Elizabeth White / CDC via AP1:43
Ticket demand, anticipation grows as LeBron nears Kareem record
LeBron James is set to pass Kareem Abdul-Jabbar's all-time scoring record of 38,387 points.
By Gerald Herbert / AP