Apple Has Enough Cash To Buy Every Major Sports Team In The World

That's a lot of dough . . .

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Though Wall St. didn’t seem terribly impressed, Apple last week delivered yet another stellar earnings report. Riding on the back of strong iPhone sales, Apple posted revenue of $51.5 billion and a quarterly profit of $11.1 billion. As Tim Cook noted, “fiscal 2015 was Apple’s most successful year ever.” By the time Apple’s October quarter came to a close, the company found itself sitting on a cash hoard worth $206 billion, a figure that’s higher than the GDP of many countries. With $206 billion, Apple could theoretically afford to give every single person in the United States (assuming a population of 318.8 million) $646, effectively the cost of a brand new iPhone. Even more interesting is that Apple has enough cash to buy every single team from every major sports league in the world. Here’s how the calculations all break down.

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