WOW!!! Apple cash enough to pay $556 to every American

      

 Apple has a lot of extra cash now but where will it put its money

next.

Apple 's first-quarter earnings announcement had retail investors

buzzing Wednesday morning about the company's $18 billion

profits, the largest ever reported by a public company. Apple's

revenue is equivalent to collecting $10 from every person in the

world.

And the tech giant is hanging on to a lot of that cash. Its massive

reserves of $178 billion are enough to pay every American $556,

which outpaces the next-biggest player, Microsoft, at only $319 in

reserves per U.S. resident.

Here's what else Apple executives could do with the extra funds. 

Apple could give $178 to every person living in extreme poverty

in the world this year, enough to fund their $1.25-per-day living

expenses for five months. Or, the Cupertino, California, goliath

could buy every homeless person in America a three-bedroom

house in New Jersey .

And forget the Obamacare debate and rising health care costs.

Apple could pay the average yearly health insurance costs for

almost 32 million Americans.

But we must not leave out the rich and famous; they have bills,

too.