Apple Inc. which is due to present its earnings reports this Tuesday may have a unique problem in its hands. That of having too much cash. According to the Wall Street Journal, Apple may have a quarter of a trillion dollars in cash stacked abroad.
The hoard of cash is unrivaled and is more than the market value of Walmart and Procter & Gamble. Incidentally, it is even more than the foreign currency reserves of Canada and the United Kingdom combined. Around 93 per cent of the money is stacked overseas in liquid assets. With US President Donald Trump inclined to grant a one-time tax holiday to corporates to bring money stacked in overseas tax havens back to the US, there is pressure on Apple to either split the money to shareholders or make big acquisitions. Apple CEO Tim Cook has also shown interest in bringing some of the cash back to the US if tax conditions are feasible.
$250 billion in cash? That makes Apple the richest tech company in the world. Even after subtracting its outstanding debt of $88 billion, it has still more than the second largest tech company, Microsoft at $126 billion. WSJ said the quarterly earnings report due Tuesday, will show that Apple doubled its cash in just over four and a half years and in the last three months of 2016 alone, it made $3.6 million an hour.
برچسب ها : 2016 alone, it made $3.6 million, ,
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نوشته شده در دوشنبه 25 ارديبهشت 1396ساعت 23:59 توسط rezaee
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