Anyone checked when they last paid a dividend?
Something does not add up
Nope. Just prudent management.
Incase you hadn't noticed, some of those unable to compete with Apple have decided to try their luck at launching frivolous patent lawsuits. Apple needs a bit of spare cash to put up a firm defence.
Apple also has a tendency to like to do a bit of M&A activity and buy the occasional company or buying up some IP when an opportunity arises (Nortel).
Nothing wrong with being cash rich.
Nothing wrong with not paying dividend either, and incase you hadn't noticed, Google, Amazon, Ebay, Microsoft and Dell don't pay one either.