“As of its latest earnings release on January 24, Apple now has a total of $103 in cash… That’s per share,” Richard Bloch writes for Seeking Alpha. “The total amount – including cash, short-term investments, and long-term marketable securities – now adds up to just under $100 billion.”
“That’s a lot of cash, but right now it’s all locked up in the shares,” Bloch writes. “It’s there, of course, but shareholders are starting to get a bit frustrated as to how the money will be used and whether it might be best to return some to shareholders.”
Apple “is worth twice as much today as it was two years ago and four times what it was worth three years ago,” Bloch writes. “And that’s probably the best news of all for Apple shareholders.”
Read more in the full article here.
MacDailyNews Take: It seems fairly obvious that Steve Jobs had and Apple continues to have a plan for that cash and, as with all things, they just won’t reveal it until they’re ready.
When Apple buys Microsoft and shuts it down, everybody will finally understand. 😉