I like being in the position of owning Apple stock but none of their products.
And they're doing absolutely fantastic, business-wise...
But, of course, the Macintosh computer and/or other Apple products (like iPhone, iPod Touch and iPad) are bought by the consumers not because of the stock price of Apple -- but because Apple makes wildly successful products for the consumer ... :-)
Thanks mostly to the iPhone, Apple's cash and investments rose to about $42 billion as of March 31, nearly three-quarters of the tech company's total assets. In six months' time that figure could approach $50 billion, given Barclays Capital analyst Ben Reitzes's estimate that Apple will generate $14.6 billion in free cash flow this fiscal year.
As a banker, though, Apple Chief Executive Steve Jobs is no Jamie Dimon. Invested heavily in government and corporate securities and commercial paper, based on past disclosures, the money earned an average yield of 0.75% in the December quarter. Apple hasn't disclosed the March-quarter yield.
[ from ... http://online.wsj.com/article/SB10001424052748704133804575198350644055686.html?mod=WSJ_hp_mostpop_read ]