Why might apple have needed to hold on to so much cash

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Problem 1: Apple's cash pile had reached $137 billion in December 2012. Major shareholders, such as David Einhorn of Greenlight Capital, began to demand that Apple return some of its cash to its shareholders. Why might Apple have needed to hold on to so much cash in excess of what it needed to operate? Would you have recommended that Apple respond to and satisfy shareholders' demands by distributing significant amounts of its cash? If so, what method(s) of returning cash would you have recommended, and why? Consider the following Apple's industry and its place in it, What are the critical ingredients for success in this industry?, Apple's opportunities for growth

Reference no: EM132971203

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