WLD: but AAPL didn't have nearly as much cash in '02 as they have now... of course cash isn't as valuable as it was in '02 either... I'm still 25% cash, and although that is nice during these whackings, I don't like sitting on a pile of cash for long when I see the FED/Tsy. creating trillions of clownbucks out of thin air -- almost as fast as "money" disappeared of late as credit contracted so rapidly... M1 shot up this week, but doesn't seem to have blunted the deflationary pressures that much... we know the FED will do what they do best: print money and try to inflate...
The one thing facts like cash can help with is identifying the point Apple's price reflects irrationally low panic sale offers, and isn't simply a rational reflection of dimmed expectations.
The other possibility investors might consider is that Apple does something clever with its cash while liquidity is tight, but since when has Apple demonstrated any skill in that? Only incidentally -- as in ARM Holdings and Akamai, where Apple was investing for strategic purposes and not principally for capital gains -- has Apple ended up with cheery capital gains from its deployment of liquid assets.
News 
Market Data 
Discover 
