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It was always a "what the hell does Apple do with all of it's capital" question. They figured that out though -- just buy back stock. Anyone accusing them of be
by xkjkls 5y ago
It was always a "what the hell does Apple do with all of it's capital" question. They figured that out though -- just buy back stock. Anyone accusing them of being uncreative there has to argue that the hundreds of billions that they returned to investor hands would be better allocated with some forced merger like buying Tesla. It's not a failure to return money to shareholders. It's a recognition of the limitation of your ability to allocate capital.