“Apple Inc. came under attack Thursday from an influential investor for its practice of stockpiling cash,” The Associated Press reports. “Its hoard totaled $137 billion at the end of last year, and it keeps growing.”
“The money belongs to shareholders, so Apple is limited in what it can legally do with it,” AP reports. “Leaving legality aside, here are some things Apple could do with $137 billion.”
• Give every American a check for $437
• Buy 100,000 luxury Manhattan apartments, enough to house the population of Omaha
• Acquire Facebook, Groupon, LinkedIn, Netflix, Pandora, BlackBerry, Yahoo, Yelp, Zillow and Zynga — and have more than $2 billion left to spare.
Full article, with six more things Apple could do with its cash hoard, here.
MacDailyNews Take: Apple has enough cash on hand to buy HP ($32.51B), Dell ($23.44B), Toshiba ($18.60B), Sony ($14.99B), Lenovo ($11.70B), Asustech ($8.13B), and Acer ($2.19B) – in other words, basically the entire Windows PC industry – and still have enough left over ($25.44B) to pick up Nokia ($15.23B) and BlackBerry ($7.22B), leaving and extra $3 billion in the bank.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Carl H.” for the heads up.]
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