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Apple has enough cash on hand that they'll be able to make 0 profit for the next 50 years and still be around.
by cobookman 9y ago
Apple has enough cash on hand that they'll be able to make 0 profit for the next 50 years and still be around.
- romeoEtJoliet 9y agoIt's true that Apple has mountains of cash, but in all likelihood, a failing Apple-sized tech giant would end up acquired by an adjacent company (see Motorola or Yahoo or Sun Microsystems ) before they ran out of money.
- ksk 9y agoNot really. If they decide to screw over the shareholders like that, they won't take it lying down. Cook will be out ASAP.
- cobookman 9y agoFair enough.
- tristanj 9y agoOnly if they stop giving it back to their shareholders. Since they started their buyback program in 2012 Apple has 'returned' over $222 billion to shareholders [0]. Presently they are issuing debt to finance the buybacks & dividends. If they are not careful they may end up like IBM. [0] https://www.macrumors.com/2017/09/05/apple-5b-bond-sale-funding-buybacks-dividends/ https://www.macrumors.com/2017/09/05/apple-5b-bond-sale-fund...
- heartbreak 9y agoThat debt is borrowed against offshore holdings that they plan to repatriate when the tax conditions are more favorable.