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Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.
Microsoft had a similar problem, but they solved it by creating an Online Services Division.
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Microsoft had a similar problem, but they solved it by creating an Online Services Division.
Online Services has consistently lost money but their solution was a one-time dividend of $3/share to all shareholders or $32 billion dollars.
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Online Services has consistently lost money but their solution was a one-time dividend of $3/share to all shareholders or $32 billion dollars.
I think the joke was that Online Services pretty much burned up all of their extra money.
Irrelevant, but do you think Facebook is worth 1/6 of Apple?
Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.
"Start with a billion, then start an airline company"
Do Apple still have the problem of not knowing what to do with all their money? I recall they had an absurd amount of money lying around that they needed to invest to get some decent returns on.
They have $25B in cash or short term investments sitting around ($11B in cash or equivalents): http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii They have invested pretty heavily in facilities/equipment, growing from $2.8B to $7.2B over the past four years. I'd imagine that's stuff like their giant new data center and partnership agreements in their Asian operations. Where they really bulked up is "Long Term Inve…
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I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.
Unless Apple lied in their SEC filings and in doing so risked jail time for high level executives, I think you're mistaken. There are different designations for assets, but the "Cash and Short Term Investments" portion is $25B. Cash makes up $11.2B of that total. They have a little over $75B in total assets, which counts some less liquid assets like property and long term investments.
The relevant thing is how much is liquid fast enough to use it for what they want to use it for. For that we should listen to Apple telling us directly (which they have repeatedly done), not just check some field on their govt filings.
Earlier quoted context omitted.
Unless Apple lied in their SEC filings and in doing so risked jail time for high level executives, I think you're mistaken. There are different designations for assets, but the "Cash and Short Term Investments" portion is $25B. Cash makes up $11.2B of that total. They have a little over $75B in total assets, which counts some less liquid assets like property and long term investments.
Most of their "long term securities" are actually short term by any reasonable meaning of the word. It's just a technical terminology thing for filings that doesn't mean what you assume it means. They have been north of 40 billion for a while. The relevant thing is how much is liquid fast enough to use it for what they want to use it for. For that we should listen to Apple telling us directly (which they have repeate…
Between trusting a company on what they claim and what they actually report, I'd go with what they report. That's what's legally binding. Not that the final result is much different, cash isn't an obstacle in whatever Apple wants to do (and hasn't been in quite some time).