Apple has a more cash than any higher power from any religion or thought system. It can settle the Greek crisis out of petty cash but to date sees no value to it.
One breathless media outlet remarked that Apple equals many many Donald Trumps. Neither Trump or Apple care.
Apples inflationary risk will be what to do if inflation rears its ugly head. Inflation encourages borrowings. Cash is bad in inflationary environments.
Right now everyone takes comfort in Apples cash horde. Much discussion as to what to do with it. Dividends, Share Buy Backs, something in Greece maybe. But when the genie pops out of the bottle and cash is a losing asset will Apple try to reduce cash much like a panicked man trying to rip off a burning jacket.
George Gutowski writes from a caveat emptor perspective. He recently wrote a financial mystery where a Wall Street Titan is assassinated. See if you cheer for the assassin. Available on Amazon http://amzn.to/1yF4QYfamzn.to/1yF4QYf