Congratulations to Apple on a blow out quarter. BUT, I've got to ask the hard question. What the hell is Apple planning to do with their $97.6 BILLION in cash?
Apple's recent acquisitions pale in comparison to other's in the tech space so this cash pile is even more acute.
It's not so much to buy companies, it's to buy up key suppliers' capacity to ensure component availability.
Like when Apple bought up all the 1998 Christmas season air freight cargo space from Asia to the US, to carry the new iMacs, rather than shipping them by boat.
Apple's recent acquisitions pale in comparison to other's in the tech space so this cash pile is even more acute.