Some of $250 Billion Apple Cash Reserves Could Go Toward These 3 Areas

With Apple Inc. (Nasdaq: AAPL) reporting earnings after the bell tomorrow (Tuesday, May 2), investors will be closely watching the Apple cash reserves.

According to The Wall Street Journal, the Apple cash pile should total more than $250 billion, with more than 90% (or $225 billion) stashed overseas. That would further cement Apple's status as the richest company on the planet. For comparison, those cash reserves are more than double Microsoft Corp.'s (Nasdaq: MSFT) $113 billion cash pile, according to Moody's.

Money Morning Chief Investment Strategist Keith Fitz-Gerald stopped by FOX Business' "Varney & Co." to identify the three areas of Apple's business where the company could put some of that cash to work if it brings it back into the United States.

Here's more on what Fitz-Gerald calls Apple's "three-pronged attack"...

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