considering the record profits and free cash flow to be announced in a few days. Tim loves to hoarde cash. But, that's OK in this economy. Acquisitions will get cheaper this year.
Not too many know that Apple has an additional $15B in cash set aside to pay US income taxes for the overseas revenue earned. Apple is never going to have to pay it.
Also, Braeburn Capital,(Apple's very own hedge fund that manages their cash hoard) is now the largest fund in the world?
Just think what they could do with that much capital!
You really have a lot of imaginations.
i wouldn't be surprised if that 170 number be true later this year.... unless Apple decide to significantly raise divident or buyback quantities...