It will be interesting to see where they go.
Another thing that cash does is has a sustaining effect on the trading range. The stock is considered cheap ridiculously cheap at $537 because its trading at 13x earnings (some say anything below 22x is a buy). Unless they have a horrible horrible quarter the stock will decline slightly right after earnings reports and then run right back to that 500 to 550 range because no one wants to have gotten out of the stock only to have Apple announce they are distributing that cash or making a big merger & acquisition move. Id lock to see them do a 2 for 1 split here to unlock a possible run up.
Another thing that cash does is has a sustaining effect on the trading range. The stock is considered cheap ridiculously cheap at $537 because its trading at 13x earnings (some say anything below 22x is a buy). Unless they have a horrible horrible quarter the stock will decline slightly right after earnings reports and then run right back to that 500 to 550 range because no one wants to have gotten out of the stock only to have Apple announce they are distributing that cash or making a big merger & acquisition move. Id lock to see them do a 2 for 1 split here to unlock a possible run up.