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Why can't Apple spend its way out of security vulnerabilities?
On most days, it’s the largest company in the world by market cap, and a surprising amount of that money is already in the bank. At the close of Q1 this year, the company had $55 billion in easily accessible cash along with another $178 billion in long-term securities that could be cashed in if the need arose. With the core business already at its peak, there’s no obvious place to put that money, which is why it’s so easy for Tim Cook to pour cash into areas like health-tracking or Frank Ocean albums.