What a dopey statement. Apple will actually have MORE cash after they spend the 60 billion. This is merely pocket change for them, but it will also allow them to buy back about 125 million shares. That's 125 million X $3.05 that they'll save per quarter. Money VERY well spent, especially considering the rate they're borrowing at. If anything, I would have liked to have seen a *bigger* buy back. But that option is always open, in the future.
Only if they outpace the dilution from the stock options they constantly hand out at much lower prices. In most cases, entrenched management is the real winner here, while the average holder once again takes it in the ****.