Apple's cash hoard is bigger than the market capitalization of Pepsi.
Apple should eventually give its $117 billion cash hoard to its shareholders sooner rather than later, according to the view of Gene Munster of Piper Jaffray.
The analyst believes that such a move by Apple will help ensure its share price reaches the target of $910.
Apple’s cash hoard of $117 billion is bigger than the market capitalisation of the likes of Pepsi, Amazon and Citigroup when compared individually.
You can view Munster’s full thoughts in the video below:
