Apple Inc's Chief Financial Officer Peter Oppenheimer faces a dilemma that perhaps every finance chief wishes to have: obscene amounts of cash and nowhere to put it.
The iPhone, iPad, iPod and Mac computer maker has accumulated a cash pile that totals nearly $46 billion, the biggest cash hoard among US tech companies and equivalent to one-fifth of Apple's market capitalisation.
And yet, due to an ultra-conservative investment strategy and low interest rates, that cash is earning next to nothing for Apple, which rarely makes acquisitions and does not pay a regular dividend or buy back stock.
Image: It says it all, does it not? Apple CEO Steve Jobs holds a news conference to announce the sale of 3 million iPhone4's at Apple headquarters in Cupertino on July 16, 2010
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