President Trump is going to be the best thing to happen to Apple since the iPod.
Below is an iPod user celebrating the results of November 8th.
Posted on 04/30/2017 12:21:55 PM PDT by DFG
In its quarterly results on Tuesday, Apple Inc. likely will report that its cash hoard has topped a quarter of a trillion dollars, an unrivaled milestone for a private corporation that raises a question: Why would any company want to hold that much money?
Apple has added to its pile at a blistering pace, doubling it in just over four-and-a-half years. In the last three months of 2016 it wracked up new cash at a rate of about $3.6 million an hour. Its current total, not accounting for debt, exceeds the market values of Wal-Mart Stores Inc. and that of Procter & Gamble Co. , and outstrips the foreign-currency reserves of the U.K. and Canada combined.
The stash has drawn fresh attention recently as President Donald Trump tries to revamp the U.S. tax regime. Apple, like many big companies, keeps most of its cash offshore—some 93% of its $246.09 billion total cash, cash equivalents, and securities as of December—to avoid U.S. corporate taxes that executives consider too high.
(Excerpt) Read more at wsj.com ...
Michael Moore says that so much corporate cash overseas represents a national resource or natural resources, which should be harvested for the common good.
But there’s the catch—. Who exactly decides what is in the public interest or for the common good?? The likes of Michael Moore and Hillary and Obama???? Eliz. Warren????
Do you think they will share some of their stash?
Them, buffet, gates, Harvard cash supplies do so much anti-God stuff around the world...rich liberals are dangerous to civilization.
No. Do-gooders always do-good with money from someone else.
I don’t mind Apple or any company for that matter denying the government of the United States money they think is theirs.
And to the IRS...GFY!
I still remember the days when Microsoft bailed Apple out, so they wouldn’t go under, and leave them with a monopoly.
Big mistake.
The power lies with who gets to determine what needs one has.
Little inferior gods is what socialist/commies are.
That much free cash guarantees Apples independence. It is an available resource as protection against hostile actions against the company from any source or entity.
President Trump is going to be the best thing to happen to Apple since the iPod.
Below is an iPod user celebrating the results of November 8th.
Capitalism is also a communist word.
Tells me we are paying WAY too much for Apple products.
IF I owned a lot of Apple stock, I would be wondering if they are sharing their profits with their investors properly.
“I still remember the days when Microsoft bailed Apple out, so they wouldn’t go under, and leave them with a monopoly.
Big mistake.”
Au contraire mon ami. It was the best (or, perhaps, the least worse) move Microsoft had at the time. Recall that Microsoft was charged, by the US federal government, with anti-competitive (i.e. monopoly) practices in 1998 (not settled until 2001). The EU was threatening to levy similar charges. Without Apple, Microsoft could point to no serious competition, in the operating system market.
they share via stock and dividends
$250. Billion? Wow, they could buy more politicians than George Soros, just by using the short term interest. Their principle would remain as untouched as the purest virgin!
Billions made on Chicom’s slave labor. Take a look at the electronic sweat shops in undercover videos. We will never see protest from the hypocrite left who treat Apple like god and their products as the accessory of the protesting leftist scum.
We hope that's what they would do. Why are they sitting on this pile of cash?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.