Why Apple’s cash is worth more than Microsoft’s cash

The people over at asymco has got a great theory on why Apple is a more worthwhile investment based on the amount of cash each company has. Here’s an excerpt:

“On the other hand we have a high growth company like Apple that has not traditionally spent money on business acquisition. (They do spend on asset acquisitions–IP, code, developers but not on new business models.) Thus, on reputation alone, Apple’s cash can be considered “safer” and hence worth more than Microsoft’s.”

Definitely a good read. It’s not too long either.