Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as well as an improved economy. Asia-Pacific growth increased 25% this quarter (down from 100% last quarter), 2/3s of which came from China.
Apple announced they would also continue their stock buyback program over the year.
AAPL closed with a market cap of 561.90B while competitors like Dell and HP closed at 20.23B and 35.46B respectively.
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Apple Q3 2012: 26M iPhones
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