A report from Moody's Investors Service said that tech companies dominate the list of U.S. companies sitting on a total of $1.64 trillion in stockpile mat the end of 2013. And Apple Inc. (NASDAQ:AAPL) is leading the list.

According to Moody's credit analyst, Richard Lane, stockpiling cash aids companies to maintain stable credit ratings and guarantee near-term debt to be paid off in an instance of trouble in capital markets.

On the other hand, stockpiling cash can also make the company attractive to activist shareholders who are liable for weakening a company's credit rating or be influential in making risky decisions, such in the case of Carl Icahn for Apple Inc. Icahn had targeted Apple for allegedly not giving the ideal payout that its shareholders deserved. In effect, Apple Inc. increased its buyback in February.

Apple Inc. is sitting on stockpile amounting to $158.8 billion - an increase from its $5.46 billion in 2004.

Apple Inc. announced that it will be conducting its Q2 FY14 earning release on Wednesday, April 23 at 2 pm PT/5 pm ET.

For its second quarter, Apple Inc.'s forecast for its revenue to reach $42 billion to $44 billion with gross margins between 37 per cent and 38 per cent.

Apple Inc. sold 51 million iPhones, 26 million iPads and 4.8 million Macs as reported from its first quarter ending in December 2013. With this, the company's net profit climbed to $13.1 billion from sales of $57.6 billion.

For the second quarter of FY 2014, Apple Inc. exerted the best effort to introduce innovation with its lineup already available in the market. The company launched the 8 GB version of iPhone 5C, stopped the iPad 2 to make way for the re-introduction of the fourth-generation iPad; released first major update to iOS 7.

During its first quarter, Apple Inc. made impressive sales of iPhone and iPad amidst the difficult holiday season - sales augmented by a deal with Japan's NTT Docomo Inc.

Apple Inc. hopes for a precedent for its Q2 FY14 as financial report will be including sales generated with China Mobile Ltd. which began selling the iPhone on Jan 17.