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Apple CEO Tim Cook has a problem, a $98 billion problem.
Just 18 months ago, Apple's $46 billion mountain of cash - while huge by most standards - attracted only muted complaints from investors, who did call for a dividend or share buyback, but were mostly happy with the meteoric rise in the stock price.
But with the growing cash balance now a much bigger overhang on the stock, widely considered to be undervalued, investors are clamoring more vocally for Cook to put the money to work.
joined:June 3, 2007
Now try to get through an entire week without buying one single product made in China. Good luck.
joined:Jan 30, 2002
That's quite appalling - earning a load of money and not knowing what to do with it, while those who manufacture the products threaten to jump from buildings because of the bad working conditions.
Employees work excessive overtime, in some cases seven days a week, and live in crowded dorms. Some say they stand so long that their legs swell until they can hardly walk. Under-age workers have helped build Apple’s products, and the company’s suppliers have improperly disposed of hazardous waste and falsified records, according to company reports and advocacy groups that, within China, are often considered reliable, independent monitors.
Two years ago, 137 workers at an Apple supplier in eastern China were injured after they were ordered to use a poisonous chemical to clean iPhone screens.
...196,000 chicks at the same time...