If You Have a Cash Cow, You Should Milk It

Matt Yglesias thinks that Apple's strategy of earning very high margins on Mac desktops and laptops isn't very smart: Apple already has an awful lot of cash. Getting even more cash is not particularly useful for any goal at this point (diminishing marginal utility). So they ought to do something. One smart thing to do would be to make a strategic investment in Mac OS market share since with its current rather small market share Mac profits are not a particularly important part of overall Apple p...