Summary: Is Apple the greatest cash machine in history? Photo: Leeroy Source: Life of Pix Apple recently reported its 2016 financial performance. Last year the company sold $215 billion worth of products and earned – after expenses, amortization, and taxes – over $45 billion. By contrast, conglomerate GE sold $120 billion and earned $10 billion. Smaller companies may have larger margins, but nothing has ever come close to Apple’s scale. The company has amassed a cash reserve of […]
