Ideas on divvying up $137B Apple pie
Apple Inc. has come under attack for its practice of stockpiling cash. At the end of last year, the company was sitting on $137 billion —and the heap keeps growing.
Corporations normally don't hoard cash the way Apple does. They keep enough around for immediate needs and either invest the rest in their operations or dole it out to shareholders in the form of dividends or stock buybacks. If they need more cash for, say, an acquisition, they borrow it.
Apple has never explained why it is salting away so much money — other than to say the company is preserving its options.
The money belongs to shareholders, so Apple is limited in what it can legally do with it. Leaving legality aside, here are some things Apple could do with $137 billion:
• Give every American a check for $437.
• Buy 213 million iPhones at the average wholesale price, enough for every American who lives east of the Mississippi River, plus Texas.
• Based on market value at Thursday's close, Apple could acquire Facebook, Groupon, LinkedIn, Netflix, Pandora, Research In Motion (Blackberry), Yahoo, Yelp, Zillow and Zynga —and have more than $2 billion to spare.
• Create a stack of dollar bills 9,300 miles high, 38 times higher than the orbit of the International Space Station.
• Buy 100,000 luxury Manhattan apartments, enough to house the population of Omaha.
• Foot the bill for federal spending on education for two years.
• Give every Apple employee a bonus of $1.7 million.
• Double U.S. foreign economic aid to the developing world for 3 1⁄2 years.
• Provide shareholders with a one-time dividend of $145 per share.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Stocks slide in busy week of quarterly earnings reports
- Mylan rejects Teva’s $40 billion takeover bid
- Oil’s rebound pushes up price at gas pumps
- Experts: If health insurers’ safeguard goes broke, consumers could pay
- California drought may be felt in Pittsburgh restaurants, groceries
- Kings Family Restaurants sold to California firm
- Camera prevalence approaches sci-fi realm
- Retailers vie for workers in tightening labor market
- Pittsburgh area home prices climb in first quarter
- Low average of jobless claims points to hiring rebound
- Visa limits vex businesses