Apple’s inflation double whammy

Inflation has risen over the past several quarters to a level the U.S. hasn’t seen in four decades. Inflationary pressures can affect Apple’s sales while also eroding the value of the company’s prodigious mountain of cash.Effi Benmelech for Forbes:For firms with significant cash holdings, inflation is a double whammy: it affects their sales and profit margins, but also the value of their balance-sheets.
With high inflation and rising interest rates, excessive cash hoarding beco