Although the world's most valuable fruit has disappointed badly in terms of top and bottom line, it most surely did not disappoint when it comes to total cash and investment holdings which as of the latest quarter has surged to an eye-watering $232.9bn! An amount enough to pay off Greece's entire national debt more than one time over!
Even excluding debt in the form of marketable securities issued to find stock repurchases, which has also been bumped higher, net cash and investments stop stand near record levels at $153bn for the latest quarter! With so much current assets, one has to wonder what grand plans #Apple has.
Oh, we forgot, taxes. The one reason why the world cash richest company wouldn't repatriate foreign earnings to its Cupertino headquarters is primarily because it wishes to continue enjoying an effective tax rate lower than what the average American small business pays each year.
Refer to our full narrative 3 posts earlier for the entire story on the just released earnings report.
#Business #Tech #Google #Facebook #Investing #Stocks #Trading #iPhone
Even excluding debt in the form of marketable securities issued to find stock repurchases, which has also been bumped higher, net cash and investments stop stand near record levels at $153bn for the latest quarter! With so much current assets, one has to wonder what grand plans #Apple has.
Oh, we forgot, taxes. The one reason why the world cash richest company wouldn't repatriate foreign earnings to its Cupertino headquarters is primarily because it wishes to continue enjoying an effective tax rate lower than what the average American small business pays each year.
Refer to our full narrative 3 posts earlier for the entire story on the just released earnings report.
#Business #Tech #Google #Facebook #Investing #Stocks #Trading #iPhone
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