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Apple is holding onto $200 billion dollars in cash. I do like Bill Gate's whole "Let's be able to survive at least a year even if we have no revenue" but compan
by rtpg 12y ago
Apple is holding onto $200 billion dollars in cash. I do like Bill Gate's whole "Let's be able to survive at least a year even if we have no revenue" but companies holding onto this much cash seems like a social ill (and a pretty good counterargument to the whole trickle-down effect)
- ksec 12y agoIs that still true? I thought they brought back a lot of their shares and gave lots of back to share holders.
- rtpg 12y agolast I checked before today it was $150 billion but right there in their assets chart it says $200 billion EDIT: it's more like cash + easily sellable market securities and the like (so not the "real" things in the assets like property for their campus or the like).
- onlyfortoday 12y agosocial ill? why? what would you rather them do with the cash?
- MAGZine 12y agopay their taxes, for one.
- lmm 12y agoR&D so they can produce innovative technology as well as design - Apple's R&D spending is well below the industry average, and they've got no equivalent to Xerox Parc or Google Labs. Acquisitions, where they make sense - take on products that have good tech but need to be shepherded by a large corporation to become something the wider population can benefit from. Dividends for investors, so that they can judge for themselves whether they want to hold cash for safety or something riskier.
- ceras 12y agoHere's an article of how excessive cash hoarding by corporations hurts Asian economies, and what they could do to improve: http://www.economist.com/news/leaders/21620203-japanese-and-south-korean-firms-are-worlds-biggest-cash-hoarders-hurts-their http://www.economist.com/news/leaders/21620203-japanese-and-...