You failed to answer my question. Why are you so interested in the profits Apple and other companies make? How do they affect your life?
I didn't say Apple hasn't spent their money wisely, but there is always room for improvement if we look at this from a consumer's standpoint. Apple could invest on hardware (CPU, GPU, SoC, NAND etc.) development and provide us with hardware that is superior to competitors'. Right now Apple uses the same technology as every other company. This would be an example of a scenario where we, consumers, would clearly be benefiting from Apple's massive pile of cash. To be clear, I'm not saying that they should, just providing an example.
Apple to buy Israeli NAND firm for $500 million
At least when Apple makes an acquisition it makes perfect sense and for a reasonable sum. Microsoft buys Skype for $8.5 billion just so they can get a BRAND. They don't even NEED the tech as Lync is better!