Interesting insight, Apple&#x27;s market cap is $600 B while it has ~$250 B cash&#x2F;equivalent.<p>So net of all their businesses valuation is more like $400 Billion? Less than Google and Microsoft?<p>Anyway I don&#x27;t think it is unfair for an investor to want company to pay dividends <i>when</i> it has no good use for that cash. Remember, Carl Icahn was the guy who spun off paypal from the sinking ship that is ebay.