Apple’s cash pile heads for $250 billion milestone

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Apple raked in the cash last quarter.
Apple raked in the cash last quarter.
Photo: Jim Merithew/Cult of Mac

Apple’s second quarterly earnings report of 2017 will likely reveal the company now has over a quarter of a trillion dollars of cash stashed in the bank.

The iPhone-maker has so much cash its reserves exceed the foreign-currency reserves of the U.K. and Canada combined. During the last quarter of 2017, Apple’s money-making machine was earning $3.6 million per hour.

Apple convinces 3 more suppliers to switch to renewable energy

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One of Apple's many solar farms.
One of Apple's many solar farms.
Photo: Apple

Three more of Apple’s suppliers say they are committed to making the switch from energy generated from fossil fuels to using 100% renewable energy to make iPhone components.

Despite Donald Trump’s plan to roll back environmental regulations, Apple Inc is continuing on with the promises it made under the Obama administration. Even though it may cost more money initially, Apple’s partners are starting to realize the change is good for business too.

Saturday Night Live inks deal to create funny ads for Apple

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Alec Baldwin has been killing it as President Donald Trump on Saturday Night Live.
Alec Baldwin has been killing it as President Donald Trump on Saturday Night Live.
Photo: NBCUniversal

iPhone ads are about to get a lot funnier.

Apple is reportedly planning to inject some much-needed humor into a few of its upcoming commercials after striking a deal with NBC that will see the team behind Saturday Night Live write a few ads for the iPhone-maker.

Trump’s tax breaks could be great for Apple

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Donald Trump speaks to supporters at an immigration policy speech at the Phoenix Convention Center in Arizona.
Reforms could add 16 percent to Apple's profits.
Photo: Gage Skidmore/Flickr CC

Apple has clashed regularly with President Donald Trump over a variety of issues, but one thing both sides should be able to agree on is a policy that makes Apple more cash.

That’s exactly what Citi analysts think Trump’s proposed tax reforms would do. A reduction of the U.S. corporate tax rate from 35 percent to 15 percent, and a tax of just 10 percent on a one-off repatriation of overseas cash piles, would be great for Cupertino.

Apple plans to fight climate change despite Trump agenda

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One of Apple's many solar farms.
One of Apple's many solar farms.
Photo: Apple

While President Donald Trump gets busy gutting the Environmental Protection Agency, many of America’s largest companies plan to fight climate change without his help, including Apple.

During the reign of Tim Cook, Apple has made renewable energy and going green one of its top priorities. According to a new report, that won’t change now that there’s a new administration in the White House.

Tim Cook set to advise Trump’s ‘Office of American Innovation’

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Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Photo: Sean Spicer/Twitter

President Donald Trump is set to unveil a new government office today that’s tasked with overhauling federal bureaucracies, and he’s asked Tim Cook and other tech leaders for advice.

Even though Trump sparred with Cook on numerous issues during his presidential campaign, the Apple CEO will reportedly lend a hand to the Office of American Innovation. The new office will be led by Trump’s son-in-law, Jared Kushner, and will be tasked with making the country run more like a “great American company.”

iPhone chipmaker will decide on U.S. plant in 2018

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TSMC is one of Apple's biggest partners.
TSMC is one of Apple's biggest partners.
Photo: Apple/TSMC

Apple’s favorite chipmaker in Asia may be ready to move to the United States next year.

TSMC — the world’s largest contract chipmaker, and sole supplier of the A10 Fusion processor that powers the iPhone 7 — says it is weighing the benefits of setting up shop in the U.S. under President Donald Trump.

Apple absent from new legal brief opposing Trump’s latest travel ban

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Yeah, we're pretty incredulous about your ideas, too, Mr. Trump.
The brief has been successful despite support from big companies.
Photo: Gage Skidmore/Flickr CC

Apple’s name is notably absent from a new legal brief opposing President Donald Trump’s latest travel ban.

Google, Facebook, Microsoft, Twitter, and more than 60 other companies are also missing from the lawsuit that hopes to block a second, “watered-down version” of the controversial executive order.

iPhone-toting woman assails Sean Spicer in Apple store

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Sean Spicer at the 2017 Conservative Political Action Conference (CPAC) in National Harbor, Maryland.
Sean Spicer at the 2017 Conservative Political Action Conference (CPAC) in National Harbor, Maryland.
Photo: Gage Skidmore/Flickr

White House press secretary and part-time Melissa McCarthy impersonator Sean Spicer’s trip to the Apple store this weekend was a complete disaster. And it had nothing to do with iPhones.

While purchasing what appears to be an Apple Watch Sport, Spicer got confronted by an Indian-American woman who asked him, “You know you work for a fascist, right?”

The entire confrontation got caught on video as Spicer tried to smile his way through the questions before telling the woman the United States is “such a great country that allows you to be here.”