Their biggest issue is repatriation of income/profits from other countries. They have delayed for 10-20 years on that one... Financial Repatriation Repatriation in finance commonly refers to the conversion of offshore capital back to the home currency of a corporation. In the global economy, many corporations based in the United States generate earnings abroad. There are legal steps corporations take to repatriate their currency, including:11 Share repurchasing Loans Dividend programs Repayment of capital
That's 10000000% why Apple is up. They figured if we are going to have pathetic earnings with phone sales down and a service number that barely beat why not offer them the biggest stock back in history. Yep they propped up their stock by giving themselves a stock buyback. Talk about pathetic ... And remember folks stock buybacks were illegal back in the day, all they do is artificially inflate earnings and stock prices hence the reason why the last 40 yrs we have had quite a run in the equities market. Now strip out the trillions upon trillion in stock buy backs the last 4 decades and I can guarantee you the spy would not even be any where near 5000!!!
the deals don’t have to be that big for anti trust issues. and for a company like Apple, even a chump change deal (like 10 billion) is massive in the regulators eyes. Amzn irbt deal was only like a billion dollars
Tim Cook teases 'exciting product announcement' to Apple investors Stevie Bonifield Thu, May 2, 2024 at 6:00 PM EDT·4 min read 11 Mysterious box on a black background with light emanating from within it. An Apple investor press release shared on Thursday revealed some interesting news about sales at Apple and included an exciting hint from leaving the page." data-wf-tooltip-position="bottom" data-wf-reset-every="90" style="position: relative;">Tim Cook about what's coming next. The Apple CEO commented in a press release, "We’re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month." Cook must be referring to the "Let Loose" event slated for May 7, Tuesday of next week. Based on Apple's own teasers and the rumors surrounding the event, there are a few exciting possibilities for what this new mystery product could be. Here's a quick look at the highlights from the Apple earnings report and what we know so far about the new product Tim Cook hinted at. Tim Cook hints at new product in Apple earnings report On Thursday, May 2, 2024, Apple published its quarterly earnings report alongside a press release. The press release includes commentary from Apple CEO Tim Cook on the details of the earnings report, but the big highlight is a hint about an upcoming product reveal: "We’re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month." While an "exciting product announcement" could be almost anything, Cook's note that it's coming sometime next week greatly narrows down the possibilities for what this mystery product could be. Apple has a virtual event scheduled for May 7, which is expected to focus on the iPad and Apple Pencil. With that in mind, there are a few products Tim Cook could be referring to. One is the long-awaited OLED iPad Pro. A major display upgrade for the iPad would be huge news, so it wouldn't be a surprise if Cook was trying to hype up the impending announcement during Thursday's earnings report. Some recent rumors even suggest the new iPad Pro could feature an Apple M4 chip, which would be the first time one of the new Apple Silicon chips debuted in a tablet rather than a laptop. There's also a very strong possibility the "exciting product announcement" is a new Apple Pencil. Only a week before Apple's quarterly earnings report, Tim Cook took to X to get Apple fans excited for the event. His post included a promo GIF for the "Let Loose" event with the caption "Pencil us in for May 7! #AppleEvent." The "Let Loose" event has a clear focus on art, so it would be no surprise if a redesigned Apple Pencil took center stage. Of course, it's also possible Apple has a wild card up its sleeve, such as a new standard iPad, a redesigned Magic Keyboard, or a completely new iPad accessory. Apple Let Loose Alternative Logos Highlights from Apple earnings report Q2 2024 Aside from Tim Cook's comment about an "exciting product announcement" coming next week, the other main highlight from Apple's investor press release was a new peak in active users. Apple's active installed base of devices "reached a new all-time high" this quarter across all of Apple's product and geographic segments. That's an interesting result considering the company's quarterly revenue dropped 4% year-over-year. It could mean that a majority of people who purchased Apple gear last year is still using it in 2024, resulting in a higher active installed base of devices despite slightly lower revenue. One detail that's curiously missing from the Q2 2024 Apple earnings report is details on Vision Pro sales. The consolidated financial statement has a category for "Wearables, Home and Accessories" but no dedicated category for the Vision Pro. Assuming the Vision Pro was lumped into the "Wearables" category, it's interesting that Apple reported lower revenue in that category for Q2 2024 compared to Q2 2023. This data doesn't necessarily mean the Vision Pro didn't sell well, especially considering it only includes about 2 months of Vision Pro sales. However, it doesn't paint a rosy picture for Vision Pro sales either, so it may trigger some to ask how Apple will attempt to improve adoption for the headset in the weeks and months to come. Apple Event Let Loose How to watch Apple's "Let Loose" event on May 7 If you can't wait to see what Tim Cook's "exciting product announcement" is, set a notification for May 7 at 7 a.m. PST/10 a.m. EST. Anyone can watch the virtual event for free, so just head over to the event page on the Apple website or Apple's official YouTube channel to see the live stream. We'll be breaking down all of the biggest news and takeaways from the Q2 2024 Apple earnings report, investor call, and the upcoming "Let Loose" event, so make sure to stay tuned for more details, info, and insights.
You always seem to be in a dream world having no idea what stocks are ( ownership in companies ). Apple makes a TON of cash, so much so it is to their benefit to buy back their shares. You were whining about them years ago how weak they were supposed to be, I told you look at their sales in China. Reality never phased you though.