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Apple’s Approach To Cash: “We Spend Our Money Like It’s Our Last Penny”
Apple has always been notoriously tight-fisted when it comes to spending. As the world’s most valuable technology company by a long shot, there’s a ton of pressure on Apple to acquire competition and flaunt its $100 billion cash reserve.
At the Goldman Sachs Conference today, Cook noted that Apple has spent billions on acquisitions, in the supply chain, retail, and company infrastructure. “But yes, we still have a lot,” he said.
Cook asked for patience from the public and shareholders. He admitted that Apple has more cash than it needs to run its business. ”We’re not going to have a togo party or do something outlandish,” he quipped. “We’re
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