That's ~beyond~ bank percentages... Which makes Apple so unique, and dare I say, awesome.
They are more "captialised" than any major bank.
"The capital ratio is the percentage of a bank's capital to its risk-weighted assets. Weights are defined by risk-sensitivity ratios whose calculation is dictated under the relevant Accord. Basel II requires that the total capital ratio must be no lower than 8%."
Obviously Apple is not a bank, but if you compare their cash holdings to market cap as you've done, I think it's very, very unique, and Steve and Co. have learnt never, ever, ever to be at mercy of the financial industry or the share market.
Of course maybe someone can chime in on the technical term for comparing cash holdings to market cap.
Some interesting discussions on the above here:
I continue to mention that unless all companies are required to issue dividends or other profit sharing, then Apple does not need to give dividends.
If anything, I had a thought that all shareholders could be given a $50 Apple Store gift voucher per X stocks as a "dividend". This is a win-win for almost everyone, in my view. Who knows, maybe this common sense idea is too common sense for the Street.
Mom-and-Pop investors would love it, I'm sure the financial institutions would hate it (all the more reason to do it ).