What Apple Should Do with Its Massive Piles of Money
Harvard Business Review
OCTOBER 20, 2014
As I pointed out in my earlier post , the only funds that Apple ever raised on the public stock market was $97 million (about $274 million in today’s dollars) at its IPO in 1980. Let me ask you one simple question: How can Apple “return” capital to shareholders if those shareholders never supplied Apple with capital in the first place?
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