Working out what Apple should do with its gargantuan cash pile has become a favourite Wall Street parlour game. When the company's reputedly frugal chief executive Tim Cook announces first quarter results on Tuesday, he will be under pressure to start spending some of the estimated $90bn (£58bn) amassed by the maker of the world's most desirable consumer electronics.
It is a huge sum. Last summer, when the US government was debating how to balance its books, Apple held more cash than the US Treasury's daily operating balance. The world's largest company by market capitalisation, Apple's masters of the universe scale can be difficult to comprehend.
As the website Things Apple is Worth More Than points out, the company's market capitalisation exceeds the gross domestic product of Singapore, the value of gold held at the New York Federal Reserve, the largest bullion store in the world, and the value of the worldwide illegal drugs trade.
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