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I am getting progressively more fed up with Apple with every new iteration of OS X, but unfortunately, none of the things I need to run will work on Linux yet.

by beedogs 10y ago

I am getting progressively more fed up with Apple with every new iteration of OS X, but unfortunately, none of the things I need to run will work on Linux yet. Hopefully that changes, because I don't know how much longer I can hold out. Even their hardware isn't that good anymore -- they haven't updated the Mac Pro since 2013, for instance.

ddoolin 10y ago
Makes me wonder what they're doing with all that cash...saving it for the Apple Car? I'm with you, getting progressively more annoyed at the lack of hardware updates.
- kilroy123 10y ago
  They're sitting on it and letting it invest. So pretty much nothing, except some stock buy back. http://www.marketwatch.com/story/apple-isnt-really-sitting-on-216-billion-in-cash-2016-01-26 http://www.marketwatch.com/story/apple-isnt-really-sitting-o...
  - scholia 10y ago
    They're avoiding paying taxes on it (as is Microsoft). It's more profitable to raise debt at low interest rates than repatriate cash and pay taxes.
    - scholia 10y ago
      I assume this got downvoted by somebody who doesn't know the facts and/or didn't understand the point. If so, this is a pity, because it's better to learn from what you don't understand, rather than downvote it out of ignorance. I wss replying to this comment: > They're sitting on it and letting it invest. So pretty much nothing, except some stock buy back. The last part is not true. If you read the link included with that comment, it says: More importantly, almost all of Apple’s cash and securities are stashed overseas, proceeds from sales outside the United States that Apple will not bring back because it would then have to pay U.S. taxes. Maestri said Tuesday that $200 billion of Apple’s reserves — a whopping 93% — are overseas, and Cook has expressly said Apple does not plan to sacrifice roughly 40% of that stash in order to bring the proceeds home to Cupertino, Calif. While cash and securities pile up overseas, Apple is piling up debt in the United States. The company currently sits on about $53.2 billion in long-term debt obligations as well as $32.2 billion in “non-current liabilities,” after executing a series of bond sales including the largest in history for a nonfinancial U.S. business. There's also a report in the Wall Street Journal, which says in the headline: Apple to issue $10 billion to $12 billion of bonds to finance share buybacks, dividends (1) So, exactly as I said, Apple is not using its cash for "some stock buy back". It is raising debt for that purpose. It is raising debt precisely and exactly to avoid repatriating overseas cash and paying taxes on it. I am not making this up, it's what Tim Cook says: "Cook has expressly said Apple does not plan to sacrifice roughly 40% of that stash in order to bring the proceeds home to Cupertino, Calif." (1) http://www.marketwatch.com/story/apple-to-issue-10-billion-to-12-billion-of-bonds-to-finance-share-buybacks-dividends-2016-02-16 http://www.marketwatch.com/story/apple-to-issue-10-billion-t...

by beedogs 10y ago

ddoolin 10y ago

Makes me wonder what they're doing with all that cash...saving it for the Apple Car? I'm with you, getting progressively more annoyed at the lack of hardware updates.

kilroy123 10y ago
They're sitting on it and letting it invest. So pretty much nothing, except some stock buy back. http://www.marketwatch.com/story/apple-isnt-really-sitting-on-216-billion-in-cash-2016-01-26 http://www.marketwatch.com/story/apple-isnt-really-sitting-o...
- scholia 10y ago
  They're avoiding paying taxes on it (as is Microsoft). It's more profitable to raise debt at low interest rates than repatriate cash and pay taxes.
  - scholia 10y ago
    I assume this got downvoted by somebody who doesn't know the facts and/or didn't understand the point. If so, this is a pity, because it's better to learn from what you don't understand, rather than downvote it out of ignorance. I wss replying to this comment: > They're sitting on it and letting it invest. So pretty much nothing, except some stock buy back. The last part is not true. If you read the link included with that comment, it says: More importantly, almost all of Apple’s cash and securities are stashed overseas, proceeds from sales outside the United States that Apple will not bring back because it would then have to pay U.S. taxes. Maestri said Tuesday that $200 billion of Apple’s reserves — a whopping 93% — are overseas, and Cook has expressly said Apple does not plan to sacrifice roughly 40% of that stash in order to bring the proceeds home to Cupertino, Calif. While cash and securities pile up overseas, Apple is piling up debt in the United States. The company currently sits on about $53.2 billion in long-term debt obligations as well as $32.2 billion in “non-current liabilities,” after executing a series of bond sales including the largest in history for a nonfinancial U.S. business. There's also a report in the Wall Street Journal, which says in the headline: Apple to issue $10 billion to $12 billion of bonds to finance share buybacks, dividends (1) So, exactly as I said, Apple is not using its cash for "some stock buy back". It is raising debt for that purpose. It is raising debt precisely and exactly to avoid repatriating overseas cash and paying taxes on it. I am not making this up, it's what Tim Cook says: "Cook has expressly said Apple does not plan to sacrifice roughly 40% of that stash in order to bring the proceeds home to Cupertino, Calif." (1) http://www.marketwatch.com/story/apple-to-issue-10-billion-to-12-billion-of-bonds-to-finance-share-buybacks-dividends-2016-02-16 http://www.marketwatch.com/story/apple-to-issue-10-billion-t...