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If you think I’m wrong, feel free to present an argument that Apple has saved $200 billion in cash to fight court cases, and that they have in some way neglecte
by graeme 6y ago
If you think I’m wrong, feel free to present an argument that Apple has saved $200 billion in cash to fight court cases, and that they have in some way neglected to spend on priorities to fund this. Your response was ad hominem.
I used a strong tone because you presented a very strong conclusion that I don’t believe to be supported by evidence. You linked a fact you don’t understand (Apple’s cash pile) to the topic de jour (Apple’s new court case). I really do think this is a starting point to conspiratorial thinking: grand conclusions on the basis of a couple ideas. Maybe the way I warned you wasn’t likely to succeed, but I meant it completely sincerely.
Have a look at Apple’s stock buyback history: they spend $385 billion from 2012-2019: https://www.aboveavalon.com/notes/2020/4/23/apples-460-billion-stock-buyback https://www.aboveavalon.com/notes/2020/4/23/apples-460-billi...
Dividends are harder to quickly find, but they seem to pay out about $12-$15 billion by year.
The money paid out to investors dwarfs their cash pile.
Two other facts:
* A lot of Apple’s cash is overseas. They can’t easily repatriate without tax consequences
* Apple has about $100 billion in debt. The cash offsets this
> Now I totally understand why Apple have piled up a huge mountain of cash and never spent a dime.
Given the fact above, your conclusion doesn’t seem very logical.