If there’s one company that’s in a great position to survive the coronavirus pandemic, it’s Apple. The tech giant ended 2019 with US$247 billion in cash, securities and account receivables.
The Wall Street Journal says that’s , enough to run its operations for more than a year even if it didn’t cut costs or sell a single iPhone. For comparison’s sake, it notes that discount retailer Dollar General Corp. had $240 million, enough for about four days, in the unlikely event it had to shut its doors and didn’t cut any costs
The WSJ adds that another benefit of its cash cushion is that Apple is not subject to the restrictions on stock buybacks that the COVID-19 relief package will impose on companies receiving aid.
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