Every now and then an analyst or investment group tells Apple to give back to shareholders some of the company’s tens of billions of cash. Jennifer Valentino-DeVries in The Wall Street Journal:
As of June 26, Apple had cash plus short- and long-term securities worth $45.8 billion, up $4.1 billion in three months. What does the company plan to do with that cash?
Sanford Bernstein analyst Toni Sacconaghi:
We think Apple’s cash policy — or lack thereof — is an important shareholder issue and one that we believe needs to be better addressed by Apple’s board.
What should Apple do with the nearly $46-billion cash hoarde? Sit on it. It’s not like shareholders haven’t been rewarded already.