Apple’s cash position is plunging

Apple’s cash and short-term investments have plunged to $48 billion as of the end of June 2022 from $107 billion at the end of 2019 — a decline of 55%, but, according to a theory aid out several decades ago by Michael Jensen, an emeritus professor of business administration at Harvard Business School, that’s a positive development for both the business and the company’s shareholders.
Apple Park in Cupertino, California
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