[geetfun]

What I found interesting in Apple’s earnings is how little money they need to pour into R&D and operating expenses. This leaves a huge retained earnings which has resulted in them having so much cash left over. It’s super easy for Cooke to indulge himself and enter new markets, but he’s an operations guy and it’s nice to see he’s sticking to his core competency. I’d be a bit nervous to see another CEO come along and try to be the next Steve Jobs (with a high chance of failing at that) and burning through billions of dollars.