Column: Apple is actually spending a lot of money, but on what?
Thanks to its successes in the past decade, Apple Inc. (NASDAQ:AAPL) has amassed an incredible cash hoard, one so large that it has attracted attention from Wall Street to Washington.
On the political front, Apple has been criticized for paying what some have said is too little taxes for the huge profits it generates. On the business end, Wall Street has constantly been clamoring for the Cupertino, Calif.-based company to do something with its $145 billion-and-growing in cash - raise its dividend, buy back stock, or acquire a company - rather than just let it sit idle. Just last month, Minyanville's own Sean Udall opined that Apple would be wise to acquire BlackBerry (NASDAQ:BBRY).
However, what's often left out in this discussion on Apple's supposedly idle cash hoard is the fact that Apple actually has been spending a lot of money - just not in the areas that people have been paying attention to.
Full story at Minyanville.