4 ms·

you got this info from an intern who got this information from a talk from some guy other than the CEO/CFO?

• elithrar 15y ago
  > you got this info from an intern who got this information from a talk from some guy other than the CEO/CFO? The way he "sourced" this information might be questionable, but most of it is indeed true. Apple do have large cash reserves overseas[1], and they have inferred (if not directly said) in earnings calls that their large cash hoard gives them the ability to be agile when it comes to manufacturing. [1] In fact, they are petitioning the US—along with many other large corporations—to allow them tax breaks so they can bring their earnings back into the country without paying significant amounts in tax.
• wasd 15y ago
  I'm pretty sure it was Tim Cook who gave the talk but because I don't remember exactly, I didn't cite.