Apple’s (AAPL) printing money hand over fist. You knew that. What you may not know is that Apple has so much dough, it could afford to pay every man, woman and child in the U.S. $556. Each.
Selling high-priced hardware – over and over again – is creating a wealth-making machine like the world has never seen. Apple has now amassed a record pile of cash and investments of nearly $178 billion. That’s enough to give every American $556, a fact pointed out by Howard Silverblatt of S&P Dow Jones Indices.