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Apple Now Has a Reported $81 Billion in Cash: What Should It Do with It?

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Under the wing of Steve Jobs Apple  hoarded a lot of its cash. There was very little spending on acquisitions and there wasn't a sharp increase in the amount of money spent on R&D.

With the introduction of a new CEO Tim Cook and the absence of Jobs, what do you guys think Apple should do with all that extra cash? Should they absorb it and bring down the price of components in their devices, buy over small innovtive companies, finlly pay shareholders their dividends - all of the above perhaps?

What do you guys think?