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Can Apple do that? Helping struggling nations is not exactly extracting value for the shareholders and that’s what Apple has to do. You can argue that spending
by ugh 15y ago
Can Apple do that? Helping struggling nations is not exactly extracting value for the shareholders and that’s what Apple has to do.
You can argue that spending some money (maybe a few million dollars per year) is good PR work and good for the company’s image – but spending a substantial portion of those 76 billion? Hardly a good way to use the money (from the shareholders’ perspective).
Apple could certainly participate in philanthropic ventures but it’s not a way for them to get rid of their money.
- yread 15y agoIs sitting on a cash hoard extracting value for the shareholders?
- ugh 15y agoNot much, but at least Apple is not exactly “destroying” value (by gifting the money).
- 3am 15y agoSure. They should issue a $50/ share special dividend, and they'd still have enough left over to buy eBay. It's arrogant corporate behavior that's only being put up with while their growth rate is so high. Watch how quick the knives come out when they slip up.
- megablast 15y agoThey do invest the money, and make quite a bit of money on it as well. They have a range of short term to long term investments, as most companies who have lots of cash do. They also invest a lot in factories that build parts for their devices, ensuring a cheap, early supply of new components.