That cash has not been sitting idle, however. CNBC also said that Cook told investors the company has increased its research and development spending by 32 percent over last year -- a case of, as Cook said, Apple putting its money where its mouth is when it comes to introducing new product categories, as the CEO told the Wall Street Journal earlier this month. The takeaway message: Apple still has innovation in its DNA.
Furthermore, the company has been on something of an acquisition tear, buying up 23 companies over the last 16 months. Some of those have, of course, made it to the public eye, but there are no doubt a few that haven't yet come to light.
Issues of Apple corporate governance aren't exactly edge-of-your-seat material, but they are what a shareholder meeting is all about. Apple's entire board of directors was re-elected, and every proposal the board favored was approved, including one to award more stock to Apple employees in key positions and another to tie executive compensation more tightly to the company's performance.
On the flipside, all proposals from shareholders were voted down, according to Bloomberg. Those included a request for Apple to release an annual report about its trade association memberships, and Carl Icahn's later withdrawn buyback suggestion.
In keeping with the theme of staying the course, Bloomberg also reported that Cook said Apple was on the right track. "We made more money than any other technology company has ever made. Other than companies that drill oil for a living, I'm not sure that anyone has ever made more. We're very proud of that."