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It's not because of the IT dominance per say, it this: "Apple's mound of cash and cash equivalents continued to scrape the cloudline this quarter, coming in at
by bob_theslob646 9y ago
It's not because of the IT dominance per say, it this:
"Apple's mound of cash and cash equivalents continued to scrape the cloudline this quarter, coming in at $268.9 billion in the company's quarterly earnings report."
(https://www.cnbc.com/2017/11/02/how-much-cash-does-apple-have.html https://www.cnbc.com/2017/11/02/how-much-cash-does-apple-hav...)
He is betting that in some shape or form, they will put that cash to work or issue a nice dividend.
- addicted 9y agoThe Apple investment is probably driven by similar principles as their Coca Cola investment.
- fishcolorbrick 9y ago"Apple's mound of cash and cash equivalents continued to scrape the cloudline..." Cloudline is being modest... a stack of a trillion dollars in singles will take you 25% of the way to the Earth's moon. https://www.wired.com/2011/09/stacking-one-trillion-dollars/ https://www.wired.com/2011/09/stacking-one-trillion-dollars/