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 ...
Not currently, but have in the past.
So you tell me, bubba: why does the businessman go into business? So he can write a book about it someday?
Or is it to feed and house himself and his family?
And every employee is not a businessman themselves? They are selling their time and their skills to a bidder, and there are various levels of contracts that go along with that.
If not, why bother leaving the farm?
It's the central issue for industrial economies: if such an economy doesn't serve the interests of the population, why would they keep it around?
The entire "civil war" was fought over this, not race: it was about the wages of Northerners and who they would have to compete against. Slave wages are hard to beat.
No one that I know is going to fight to the death to defend Apple Computer's Foxconn workers in China since I don't live in China. Let me know when you're willing to die for a foreign corporation because that's what Apple is now.
Cute spam there junior!
So you tell me slick...you have something against the middle class in the United States being strong, productive and self sustaining?
Or do your sympathies lie with the racist, totalitarian Chinese Communist party, the major purveyors of State Capitalism (er, “fascism”) in the modern world?
For government, all resources, even vast hoards of corporate cash, are not treasures to seize but nervous herds of sheep that must be calmed and well-treated in order to be profitably sheared, year after year. The fundamental economic truth that Leftists never quite understand is that the true treasure of a country is not natural wealth but having a people who energetically work, create, save, and invest because they are confident that they will not be unfairly overtaxed or otherwise expropriated.
If anyone bailed another out, it was Apple bailing out Microsoft. In the early days, Steve Wozniak wasn't building a floating-point BASIC fast enough for Steve Jobs liking, so Steve struck a deal for Microsoft's floating-point BASIC for the Apple II. Microsoft was barely getting by, and the Apple money allowed Microsoft to stay afloat. As for later times, Microsoft stole Apple secrets and was sued. Apple never stole or took anything from Microsoft that wasn't part of a lawsuit payout. Over the last couple decades, Apple helped Microsoft make money by creating partnerships with Microsoft, to the consternation of Apple loyalists.
Probably but I wonder how upset you are to know that Bill Gate's personal fortune could buy Apple nearly 4 times over and Jeff Bezos is rapidly overtaking Gates, to become the first Trillionaire.
Because it is posted for the entertainment of Apple Users it also provides opportunity for M$ trolls to come and insult our intelligence. Bill Gates personal fortune is nearly 4 time apple's value and he is providing nothing of value to anyone. Get angry about that.
I was just saying that it is a shame that there are people like you shoving this stuff down other people’s craws. I was not supporting any agenda. Generally, I think wealth is a good thing; evidently you think it is not — are you a conservative? It appears you are not.
Here’s my story. I “get paid” as you put it, 57 cents per share in dividends on a quarterly basis for my personal decision to buy Apple stock.
In 1999 when I bought my first personal computer, which happened to be a Macintosh that I liked and found worked well for my needs, I also purchased 25 shares of Apple stock for $2,800. Over the years I purchased another $8,200 worth of stock in APPL.
Apple has paid me about $20,000 in dividends and my stock purchases have split three times, the most notable split was 7 shares for 1 in 2014.
My $11,000 investment in this company is now worth $353,225 as of five minutes ago, so YEAH, Apple’s been very, very good to me and I am proud to be in the “5th column” of a successful American based corporation.
I only wish I could afford to have a $3 million dollar stake in Apple like our current President, Donald J. Trump had until he sold his stocks last June to run for office.
http://fortune.com/2016/05/20/donald-trump-apple-stock/
B$ You think wealth is a good thing if you like the people that has it. This is the only forum that people come to just to insult the poster because they hate Apple and the people that use their products. I don't think much of Apple either but I love their products.
I detest Bezos but I use his service almost daily because he provides a service that others can't touch.
Swordmaker posts items that interest Apple products users they have little to offer people that use M$ products so there is a ping list for people that use those products. I do not wonder over to those threads to tell the readers how stupid they are, so what is it that compels M$ users to wonder over here to tell us Cook is a money grubbing homo? Or their products suck and cost too much, blah, blah, blah.
Ever watching Tucker Carlson try to make a point with a died in the wool socialist and notice that no matter how many facts he quotes that destroy their point, they never change their position. The same thing applies here. Yo can of course avoid all that by just not reading these threads.
So you would like to have their money? You think you know better than others what they should do with their property? That makes you a communist! Why are you here?
If we could get taxes and regulations down Apple might spend that money.
Not a big mistake. Apple and Microsoft are mutually beneficial.
Do you bother to read what you post? You were the one who thought Apple had too much money.
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