After a Q4 in which they added $5.2 billion to their cash reserves, Apple now has $51 billion in cash.
During Q&A on the earnings call today, someone asked what Apple was going to do with all that money. Steve Jobs would only say that they there are one or two “strategic opportunities” out there right now.
I’m looking at Dell’s market cap. It stands at $28.5 billion. That means that after next quarter (the holiday quarter), Apple will have enough cash on their hands to buy Dell twice over.
It was 1997 (the year Jobs returned) when Michael Dell was famously asked what he would do if he were put in charge of Apple:
What would I do? I’d shut it down and give the money back to the shareholders