Monday, April 7, 2014

Observations - $160 Billion

What would you do with $160 Billion? It looks like Apple has the unfortunate problem of trying to figure that out. Apple is estimated to have about $160 billion in cash and it is in no hurry to spend it. The rest of the tech world seems to be on a spending spree, but Apple is just holding on to it's cash much to the dismay of some of its stockholders. Steve Jobs was not big into spending money on buying other companies. I think he liked to develop as much as possible in house. Tim Cook seems to be of the same philosophy. I think having the money in the "bank" is good for Apple. That gives them the confidence to take a risk on a great product that will shake up the market. Lets see if that will be the case. Or do they know something the rest of us don't? Now that would be interesting.

What do you think?

http://bits.blogs.nytimes.com/2014/04/06/apples-deep-pockets-what-159-billion-could-do/?_php=true&_type=blogs&partner=yahoofinance&_r=0