Apple has a record amount of money in the bank
Apple has a lot of money.
That might not come as much of a shock, but Apple's second quarterly report shows its cash hoard has hit $256.8 billion.
How did the tech giant do it? Well, Apple is pretty conservative when it comes to its investments and boosting stock prices.
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The cash pile is a record for the tech company. Most of the money is held in offshore accounts because taxes are lower than in the U.S.
But President Donald Trump proposed to slash taxes for businesses in April. Cook said if that happens, the company would bring money back to the U.S.