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
Bruce66423 brings word that a terrorist’s WhatsApp message has been decrypted “using techniques that ‘cannot be disclosed for security reasons’, though ‘sources said they now have the technical expertise to repeat the process in future.'” The Economic Times reports: U.K. security services have managed to decode the last message sent out by Khalid Masood before he rammed his high-speed car into pedestrians on Westminster Bridge and stabbed to death a police officer at the gates of Parliament on March 22. The access to Masood’s message was achieved by what has been described by security sources as a use of “human and technical intelligence”… The issue of WhatsApp’s encrypted service, which is closed to anyone besides the sender and recipient, had come under criticism soon after the attack. “It’s completely unacceptable. There should be no place for terrorists to hide. We need to make sure that organisations like WhatsApp, and there are plenty of others like that, don’t provide a secret place for terrorists to communicate with each other, ” U.K. home secretary Amber Rudd had said. Security sources say the message showed the victim’s motive was military action in Muslim countries, while the article adds that though ISIS claimed responsibility for the attack, “no evidence has emerged to back this up.” Read more of this story at Slashdot.