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As I write this, AAPL is now trading at over $447.00 a share. For the company's 1st quarter, Apple posted $13 billion of profit on record revenue of over $47 billion from its sales of the iPhone, the iPad, and the Mac. Apple now has a market capitalization of over $416 billion and has amassed a huge cash war chest exceeding $90 billion.
Yes, say that again, but with a Doctor Evil voice. NINETY BILLION DOLLARS! Muhahahahahahahah!
Apple could just sit on all that cash, and CEO Tim Cook has said that the company is in no rush to spend it. But the logical thing to do with it would be to make some strategic purchases or expand its infrastructure in order to maintain that growth.
I’ve been thinking about this for a while and I’ve come up with a few suggestions. And no, “Sharks with frickin’ lasers” did not make the list. So without further ado…