An anonymous reader quotes a report from Phone Arena: On Tuesday, Apple is expected to report its fiscal second quarter earnings. In that report, the tech titan will reportedly announce that it is holding $250 billion in cash. If you think that this is a lot of money, you’re absolutely right. According to Marketwatch.com, this is more than the foreign currency reserves held by the U.K. and Canada combined. Looking at it another way, at current valuations Apple could purchase all of the outstanding shares of Walmart and Procter & Gamble and still have money left over. It has taken Apple only 4 and half years to double its cash hoard. During the fiscal first quarter of 2017, Apple was adding $3.6 million to its cash position every hour. It finished the quarter ending in December with $246.09 billion in cash. 90% of the money is banked overseas, which means that Apple would be one of the companies to benefit the most from President Trump’s plan to offer a one time tax break on repatriated funds. Read more of this story at Slashdot.
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Apple Has a Record $250 Billion In Cash, 90% of It Is Banked Overseas
An anonymous reader quotes CNN: Sales of consumer ebooks plunged 17% in the U.K. in 2016, according to the Publishers Association. Sales of physical books and journals went up by 7% over the same period, while children’s books surged 16%. The same trend is on display in the U.S., where ebook sales declined 18.7% over the first nine months of 2016, according to the Association of American Publishers. Paperback sales were up 7.5% over the same period, and hardback sales increased 4.1%… Sales of e-readers declined by more than 40% between 2011 and 2016, according to consumer research group Euromonitor International. “E-readers, which was once a promising category, saw its sales peak in 2011. Its success was short-lived, as it spiraled downwards within a year with the entry of tablets, ” Euromonitor said in a research note. The article includes an even more interesting statistic: that one-third of adults tried a “digital detox” in 2016, limiting their personal use of electronics. Are any Slashdot readers trying to limit their own screen time — or reading fewer ebooks? Read more of this story at Slashdot.