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I think it might be stretching to say that Apple has no use for that cash. That they have no immediate plans is hardly the same thing.
by roc 15y ago
I think it might be stretching to say that Apple has no use for that cash. That they have no immediate plans is hardly the same thing.
- jcampbell1 15y agoI wasn't stretching anything. Tim Cook said Apple has "more than we need to run the company." Running the company requires having cash for immediate, future, foreseeable and non-foreseeable events. "More than we need" means there is some that there is no need, or "no use".
- roc 15y agoI didn't consider that statement to be inclusive of cash for non-foreseeable events. I guess that's where we disagree.