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Give every U.S. student an iPad (or two... or five)
There are roughly 49.8 million students in K-12 education in the U.S., with an additional 21.6 million students at college, according to the U.S. Dept. of Education.
Apple could, with its $137.1 billion cash pile, give every single K-12 and college student, an iPad—literally any iPad, including the top-of-the-range iPad (128GB, Wi-Fi + Cellular) with Retina display at $929.
But it doesn't just stop there. Apple could in fact give every single K-12 and college student two of the most expensive iPads on offer. If it were the cheapest Apple tablet—the iPad mini (16GB, Wi-Fi only) at $329, those 71.4 million students could be given five iPad mini tablets in total, and Apple would still have a few billion dollars left in the bank.
Give every American a Starbucks latte a day for three months
A Starbucks venti latte costs around $3.50, but varies from place to place. Multiply that figure by the population and it only reaches $1.099 billion. Apple has much more than that.
With $137.1 billion in cash, Apple could give every single American—all 314 million, babies and all; though caffeine is not recommended for the little people—the largest sized Starbucks latte for free. Not just once, but every single day for just shy of three months.
Or, Apple could give everyone in the world a Starbucks latte in the morning for five and a half days before the iPhone and iPad maker ran out of cash.
Buy 80 Endeavour space shuttles
NASA spent around $1.7 billion on Endeavour, the space shuttle orbiter built to replace Challenger. With $137.1 billion, Apple could just stretch it enough to buy 80 space shuttles.
But, of course, this doesn't include the costs of fuel, astronaut labor costs, and launching the thing into orbit. Realistically, Apple could probably buy around 50 at today's prices and still have plenty left over to run a half-decent space program of its own.