Other than increase the dividend by a half percent, what does the iPref proposal really do?
Does it unlock the cash horde and bestow it upon the shareholders? Nope. Does it increase Apple's competitiveness? Nope. Does it raise margins? Nope. Does it increase revenue? Nope. Does it help the next great product come to market? Nope. If it does none of these, then why would the market assign a greater value to the aggregate Apple worth?