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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 ...
And that's all it is.
If they had paid U.S. wages that money would be paying for middle class lifestyles and supporting families. Isn't that what the economy is supposed to be about?
The fact that they haven't invested it tells anyone that they don't see the need to do that to remain competitive in their markets.
Microsoft is doing just fine! Their market capitalizatin is $529 billion.
Notice how the left never criticizes their own?
EXXON. Horrid.
Apple or Starbucks. Silence.
Hypocrites at everything they say or do.
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The latest Apple/Mac/iOS Pings can be found by searching Keyword "ApplePingList" on FreeRepublic's Search.
If you want on or off the Mac Ping List, Freepmail me
Rainy day fund.
It is not a bad strategy to keep some money in the bank in case of unforseen circumstances.
When your market cap is $754 billion, keeping $250 billion in savings really isn’t that much.
You recall differently than I do. I seem to recall Microsoft having to pay a settlement to Apple for patent infringement.
250 billion would run the federal government fo less than a month
It was no way a "bailout"! It was Microsoft paying Apple what it owed them to settle a patent and copyright infringement LAWSUIT! The $150,000,000 was merely a downpayment on the settlement. You can find and read the three interlocking agreements settling that lawsuit on the internet.
15% is still higher than they’re paying now. They’ll continue continue to sit on it.
Yeah, Apple is considerably smaller an entity than the U.S. government!
Yet if Apple was a nation, its current market cap would translate to a Gross National Product that is larger than Switzerland’s and nearly the size of Turkey’s.
Looks like Apple has a fifth column here at Free Republic. I wonder how much they get paid. This thread is like one big love fest.
And what business is that of yours, Tripp Mickle?
“We hope that’s what they would do. Why are they sitting on this pile of cash? “
Because it is their money and they choose to keep it in cash.
“If they had paid U.S. wages that money would be paying for middle class lifestyles and supporting families. Isn’t that what the economy is supposed to be about?”
“The fact that they haven’t invested it tells anyone that they don’t see the need to do that to remain competitive in their markets. “
-Nancy Pelosi
Do you employ anyone? Didn’t think so. I don’t employ anyone either, but I have never been under the illusion that businessmen who do hire people, do so to “pay for middle class lifestyles and support families.” They do so to get things done that they can’t or wish not to do themselves. Typically because they can make more money, net of wages than they can without hiring the employee(s).Now, in reality that consideration tends to lose some of it force relative to “paying for middle class lifestyles and supporting families” of friends who are long-time employees. Concomitant to maintaining the prestige of the owner of the company. But even so, that has its limits . . .
From memory I think there have been four times in US history where tax breaks were given for repatriating foreign cash holdings. Apple has been holding out all this time hoping for this to happen again. Looks like it was a good idea.
“If they had paid U.S. wages that money would be paying for middle class lifestyles and supporting families. Isn’t that what the economy is supposed to be about?”
“The fact that they haven’t invested it tells anyone that they don’t see the need to do that to remain competitive in their markets”
- Senator Elizabeth Warren
“If they had paid U.S. wages that money would be paying for middle class lifestyles and supporting families. Isn’t that what the economy is supposed to be about?”
“The fact that they haven’t invested it tells anyone that they don’t see the need to do that to remain competitive in their markets. “
- Senator Bernie Sanders
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