Apple had lots of cash on hand when they agreed to a $4 billion component deal.[0] We don't know what the component is (Gruber speculates Apple bought screens),

Apple had lots of cash on hand when they agreed to a $4 billion component deal.[0] We don't know what the component is (Gruber speculates Apple bought screens), but cash on hand makes these bulk component purchases much easier. Operations-related moves like these have pushed Apple over the top recently, so I don't think investors really mind large cash reserves. [0] http://www.macstories.net/news/apple-enters-3-9-billion-dollar-component-supply-deal/ http://www.macstories.net/news/apple-enters-3-9-billion-doll...