Apple has to hold on to that cash as they have a BIG problem
Do some research.......Apple is depending on TSMC (Taiwan Semeconductor) to make their chips. Intel is quickly making TSMC Chips worthless and should have them completely worthless by the end of the year. If Apple signs up withi Intel, the stock goes back to 700. If not, they will have to fund TSMC which will cost them BILLIONS.. MEGA BILLIONS.
Their is a rumor out there that Apple cash is disappearing for a "secret" project. It has been postulated that Apple is spending money on a fab. Could this be a partnership between TSMC and Apple where Apple is buying the fab and TSMC is bringing the know how to build a chip. Just thinking.