The Apple CEO has had no shortage of advice from Wall Street lately on what to do with his company’s $137bn cash mountain. Hedge fund manager David Einhorn thinks he should issue a new class of preferred stock that would appeal to investors looking for yield. A combination of a higher dividend and stock buybacks that raised Apple’s three-year payout plans from $45bn to $60bn might be less radical but could be effective, according to Brian Marshall of ISI.
Speaking at the Goldman Sachs technology and internet conference in San Francisco on Tuesday, he talked about his views on big acquisitions (he’s considered them seriously), the legal battle with Einhorn (“a silly sideshow”) and whether Apple needs bigger or cheaper iPhones to expand its market. Read more