Apple's $66 billion in cash is a nice problem to have.
From time to time investors clamor for Apple to "do something" with the cash, but Apple invariably responds that it simply wants to make sure it has the ability to make big moves if it has to, or wants to.
So far, Apple hasn't ever made a big acquisition, though.
Monday, April 25, 2011
Apple has $66 Billion in Cash, and Growing
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Apple
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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