“Given that Apple now sits on well over $144.7 billion in liquid resources, there’s lots of discussion about how the company could or should be spending it. What Apple is already doing with its cash is actually more interesting,” Daniel Eran Dilger writes for AppleInsider.
“Apple now sits on a staggering amount of resources [well over $144.7 billion in liquid resources], much of which has been earned (and remains) outside the United States. The company is now generating so much new cash that it has jumped to the front of the line both in paying its shareholders the most dividends and in paying the U.S. the most taxes (in part because it doesn’t evade taxes by routing domestic sales through other countries as many of its competitors do),” Dilger writes. “Even so, it’s amassing new cash faster than its spending it.”
Dilger writes, “If there were someone better equipped than Cook and Apple’s Executive Team to be spending Apple’s money, those persons would have accumulated vast capital of their own to spend, and would already have the global power and influence that Apple has earned for itself. That makes it all the more interesting to see what the company that Jobs built will be doing next. The company’s upcoming Worldwide Developer Conference should reveal quite a lot along those lines.”
Much more in the full article here.