True, the analysts weren't too happy with Apple's quarterly financial results, but here's one amazing detail from Apple's report that might make you feel optimistic about the company's outlook: Apple now has $81.5 billion in cash as well as short and long-term investments.

Last time we checked (in July), Apple's balance was $75.9 billion, surpassing the total operating balance of the U.S. government. With the company's cash reserves growing as fast as they are, it opens numerous possibilities for acquisitions. For comparison, Google's recent $12.5 billion acquisition of Motorola would be a relatively small dent in Apple's enormous cash mound.

During the call, Apple also announced that two-thirds of the company's cash an investments are held overseas. Apple has recently backed a proposal for a tax holiday, under which companies such as Cisco, Oracly, Pfizer and Apple would get a tax break on earnings generated overseas.

If the proposed plan is accepted, these companies would have to pay a tax rate of 5.25%, as opposed to the 35% tax on profits generated outside of the U.S. The consortium of companies backing the plan claims the tax break would be justified by investing in research and hiring.

Apple Earnings

[via ATD]