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Apple's Cash Pile Will Keep Growing

Apple will finally start spending its gargantuan cash pile — last reported at $97.6 billion — by paying a dividend and buying back shares of stock.

Under the plan announced today, the company will spend $45 billion over three years.

But, as Business Insider points out, Apple is making so much money that the company's cash pile will probably continue to grow.

In its last fiscal year alone, Apple generated $31 billion. And the company is on pace to generate even more cash this year, the AP notes.

In other words, even with the dividend and the share buyback, Apple is likely to have more cash three years from now than it has today.