This isn’t the first time the idea has been suggested. The management of Apple Inc. should consider buying Apple , said David Smith , managing director and senior research analyst at Piper Jaffray during an interview with Bloomberg Radio . Apple has $ 1 billion cash on hand , and When asked for his opinion as to what Apple should do with its huge amount of cash he responded : " The big thing they could do that I would be impressed with is cash . To me , when you think about that absurd amount of cash , you have to go after opportunities . I think automotive fits within that camp . "
The management of Apple Inc. should consider buying Apple , said David Smith , managing director and senior research analyst at Piper Jaffray during an interview with Bloomberg Radio . Apple has $ 1 billion cash on hand , and When asked for his opinion as to what Apple should do with its huge amount of cash he responded : " The big thing they could do that I would be impressed with is cash . To me , when you think about that absurd amount of cash , you have to go after opportunities . I think automotive fits within that camp . "