A 2012 conversation between Steve Jobs and Warren Buffett resurfaced, highlighting Jobs' query on managing Apple’s cash reserves. Buffett suggested options like stock buybacks, dividends, acquisitions, or holding the cash. Jobs believed Apple’s stock was undervalued but eventually chose to keep the cash.
source https://timesofindia.indiatimes.com/technology/tech-news/worlds-greatest-investor-recalls-when-steve-jobs-asked-him-what-do-with-apples-cash-reserves-and-why-he-didnt-follow-the-advise/articleshow/112411897.cms