in @MacDailyNews – by @EmilyBary Whats apple to do with 246 billion in cash? – Barron’s Next
“Netflix, Tesla, and Disney [acquisitions] are discussed from time to time, but Baird analyst William Power says these are unlikely,” Bary writes. “Unfortunately for Apple dreamers, the company will probably opt to invest money in less flashy areas, like its ‘Services’ business. Another investor-friendly use for the cash that Apple may choose: buying back more stock. Power notes that 94% of Apple’s cash is overseas, so a policy that makes it cheaper for companies to bring that money stateside ‘could result in a large increase in share buybacks.’”
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