Apple's Cash: No Dividends, No Stock Buybacks, Or Acquisitions Just Because Apple Can
“There will be a special guest…” is the only thing that is mentioned on the invitation for Apple’s 2025 special event. And on the day of the keynote, Tim Cook goes on stage and tells everyone just how Apple just added another $30 billion in cash just in the last quarter. He makes a joke about how a Starbucks grande latte now costs $15 and money ain’t what it used to be and receive a chuckle from the audience. Then he said that Apple has been working on something really special and it would change just about every industry and market in the world – military, labor, and even education. Audience is quiet, on the edge of their seat, all waiting in anticipation. They expect Tim Cook to bring on Phil Schiller to unveil this next Apple product. But he doesn’t. Tim goes on to talk about the industrial revolution and the automobile and then it’s about the telephone and personal computer. He spoke fondly about the old iOS devices – iPhones and iPads. A...