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by adamtmca 5426 days ago
They use the hoard, in part, to lock up supply of components that they think will be strategic in the near to medium term future. They had a strangle on the supply of NAND flash leading up to and through the christmas season when the first ipod nano's came out, for example.

http://www.tuaw.com/2011/04/26/apple-lays-out-11-billion-in-...

http://allthingsd.com/20110124/tk-3/

http://www.quora.com/What-would-be-a-good-use-of-Apples-76-2...