Apple's cash reserves reached 2689 billion US dollars | after-hours market value exceeded 900 billion US dollars

SAN FRANCISCO November 3 morning news, Apple's latest quarterly show that the company's cash reserves continue to inflate, the end of the quarter has reached 2,689 billion US dollars.

The stock rose as much as 3% in after-hours trading, corresponding to a market capitalization of more than 900 billion U.S. dollars, and a distance of 1 trillion U.S. dollars.

Apple's current cash reserve increased by 7.4 billion U.S. dollars from the previous quarter, and the new plan of the U.S. House of Representatives hopes to permanently reduce corporate tax to 20% and calls for a one-time tax rate of 12% when repatriating overseas funds to the United States, The tax rate is set at 5% when non-cash assets are reversed.

CFRA analyst Scott Kessler believes Apple will benefit from the tax reform.

Apple CEO Tim Cook said in May this year: 'We want people to use the money to start more investments in the United States.'