“All of us were reminded over and over and over during the last few days that Apple has more cash on hand than does the U.S. government,” Bob Cringely writes for I, Cringely.
“There’s a mystery about Apple’s cash and that mystery has to do with Steve’s strategy for holding all that money.,” Cringely. “What’s it for”
Cringely, “The predominant theory seems to be that Apple intends to make a huge acquisition and periodically there are rumors of Cupertino buying this big company or that, with Hulu being the latest supposed target. And maybe Apple will buy Hulu (actually, I don’t think so, but let’s assume they do) but that will still leave Steve with $74+ billion, so the Apple money story won’t be going away. I think Apple has raised all that money for the sole purpose of….. having a lot of money. I don’t think Steve intends to make any major acquisitions at all, though that says nothing about a post-Steve Apple.”
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