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> they can't rest on their laurels simply because they're Apple. No, but they can because they have something like $200 billion cash on hand. Which means if th
by ebbv 10y ago
> they can't rest on their laurels simply because they're Apple.
No, but they can because they have something like $200 billion cash on hand. Which means if they really care about their stock price they can do a buy back if they want. Or if they are worried about employee compensation due to lagging stock price they can give bonuses, etc.
- onion2k 10y agoNo, but they can because they have something like $200 billion cash on hand. That's technically true, but getting that money to a place where they can use it to buy back stock or to pay bonuses to their engineering staff would be incredibly expensive. There's a reason why they've not repatriated it yet.
- greenshackle2 10y agoEven if it costs them 50 cents on the dollar to use that money, that's still a good chunk of money to fall back on, isn't it? I can imagine that you wouldn't actively take risks with money that's expensive to use, but if they were already in a death spiral, wouldn't they use it to avoid going down the drain entirely? It seems absurd to me to sit on $200 billion if you can't use at least a good fraction of it - but I don't even begin to understand the legal and accounting issues with handling that sort of money.