Apple Quote by Steve Mnuchin
“If you look at Apple... They are sitting on hundreds of billions of dollars in cash, and they go out and borrow money against their overseas bank accounts. This makes no sense.”
About This Quote
Source Interview: CNBC Financial Outlook, Steve Mnuchin, 2022
Apple holds massive cash reserves yet borrows against foreign accounts, which appears financially irrational.
In simple terms: Apple borrows despite huge cash.
Question corporate cash strategies.
Themes
Mood
Type
When to use this quote
- investment analysis
- corporate finance
- tax planning
Key Concepts
Questions to Reflect On
- Why would a cash‑rich company seek debt?
- What tax benefits could justify this?
Borrowing may be driven by tax optimization, not cash shortage.