AAPL should use its $120 billion net cash balance to put these companies under its umbrella One of the world’s largest companies — Apple (NASDAQ: AAPL ) — with one of the biggest net cash balances ever — $122 billion — continues to promise that it will be “net cash neutral” over time. That means AAPL still has $122 billion to deploy to buybacks, dividends, acquisitions, investments, so on and so forth. At this point in time, it seems the smartest path forward would be for Apple to use that $122 billion on a big-time acquisition. Recent quarterly numbers underscore that peak iPhone is here. While the company has nice growth initiatives through new hardware like the Apple Watch and services businesses like Apple Pay and the App Store, none of those new initiatives are groundbreaking enough to fully replace what will soon be a flat iPhone business. Thus, Apple can either be a tepid growth business forever going forward, or the company can recharge growth by using its ...
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