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> AAPLE has $23B in cash, down 1/3 from this time last year. Mostly given back to investors. Probably nothing to worry about here:)

This is the lowest cash level since 2014. Actually, concerning going into potentially a recession.

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With inflation what it is, don’t you actually want to be holding less cash?

Inflation is a lagging metric. Not a forward looking metric. Hypothetically, todays inflation could be 10%, and if within the next year broad market prices drop 30% YOY, next year inflation numbers would report negative. Meaning you would have been better off holding cash when the inflation numbers were previously stated to be 10%.

They can issue more equity if they need to.

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