Apple's dilemma - how to spend $137 billion
Posted on February 12, 2013 at 22:34 PM EST
Apple's dilemma - how to spend $137 billion Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 7:47 pm, Tuesday, February 12, 2013 Apple has never explained why it is salting away so much money, other than to say the company is preserving its options. -- Buy 213 million iPhones at the average wholesale price, enough for every American who lives east of the Mississippi River, plus Texas. -- Based on market value at the end of last week, Apple could acquire Facebook, Groupon, LinkedIn, Netflix, Pandora, BlackBerry (Research In Motion), Yahoo, Yelp, Zillow and Zynga - and have more than $2 billion left to spare.