Yeah: it isn't like Apple is spending their money on R&D or operations and they just have some extremely elaborate and overly expensive way of providing value to the customer that someone might value... they are literally just hoarding a ridiculous and almost embarrassingly large amount of cash. They have a money-printer that is being defended with anti-competitive lock-in mechanisms.

https://www.investors.com/etfs-and-funds/sectors/sp500-compa...

> Apple alone last week reported sitting on $202.5 billion in cash and investments. That's 7.4% of all the S&P 500's cash. And it's up nearly 4% from 2021.