studiomprd Posted April 25, 2012 Author Report Share Posted April 25, 2012 Apple Posts $11.6 Billion Quarterly Profit on Sales of $39.2 Billion Quote Link to comment Share on other sites More sharing options...
studiomprd Posted April 25, 2012 Author Report Share Posted April 25, 2012 Apple Posts $11.6 Billion Quarterly Profit on Sales of $39.2 Billion Quote Link to comment Share on other sites More sharing options...
André Boisvert Posted April 25, 2012 Report Share Posted April 25, 2012 Apple Posts $11.6 Billion Quarterly Profit on Sales of $39.2 Billion Apple Posts $11.6 Billion Quarterly Profit on Sales of $39.2 Billion A sign that you're posting waaay too much? Quote Link to comment Share on other sites More sharing options...
studiomprd Posted April 25, 2012 Author Report Share Posted April 25, 2012 oops, browser problem... Quote Link to comment Share on other sites More sharing options...
soundslikejustin Posted April 25, 2012 Report Share Posted April 25, 2012 PEBKAC Quote Link to comment Share on other sites More sharing options...
OmahaAudio Posted April 25, 2012 Report Share Posted April 25, 2012 oops, browser problem... That would explain many of your posts. Quote Link to comment Share on other sites More sharing options...
chris_bollard Posted April 29, 2012 Report Share Posted April 29, 2012 It costs a lot of money to develop the next micro enhancement for an iDevice and then market it as the next great must have, when you already own the previous version. Quote Link to comment Share on other sites More sharing options...
studiomprd Posted April 29, 2012 Author Report Share Posted April 29, 2012 " "Apple, like many other multinationals, is using perfectly legal methods to keep a significant portion of their profits out of the hands of the I.R.S. And when America's most profitable companies pay less, the general public has to pay more." " http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=1&nl=todaysheadlines&emc=edit_th_20120429 " Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today's digital economy. " Quote Link to comment Share on other sites More sharing options...
studiomprd Posted August 20, 2012 Author Report Share Posted August 20, 2012 and now this news: " Apple's rising stock propelled the company's value to $624 billion, "the world's highest ever. It beat the record market capitalization set by Microsoft Corp. in the heady days of the Internet boom." ... Apple was already the world's most valuable company -- and has been since passing Exxon Mobil nearly a year ago. " http://www.hollywood...-billion-364125 Quote Link to comment Share on other sites More sharing options...
Jeff Wexler Posted August 20, 2012 Report Share Posted August 20, 2012 ...and they are paying a dividend for the first time in history (post Jobs decision by Tim Cook and the Board). Quote Link to comment Share on other sites More sharing options...
Ryan Coomer Posted August 21, 2012 Report Share Posted August 21, 2012 I had a dividend from Apple deposited into my brokerage account last week. It was a nice little surprise, came out to about $3/share. Quote Link to comment Share on other sites More sharing options...
Marc Wielage Posted August 21, 2012 Report Share Posted August 21, 2012 and now this news: "Apple's rising stock propelled the company's value to $624 billion, "the world's highest ever. It beat the record market capitalization set by Microsoft Corp. in the heady days of the Internet boom." ... Apple was already the world's most valuable company -- and has been since passing Exxon Mobil nearly a year ago. " A buddy of mine bought Apple stock for $9 about 13 years ago, and kicks himself every day for selling when the stock hit $150! He thought he'd made a killing. Who knew it would go up to $660 as of today... Quote Link to comment Share on other sites More sharing options...
Vincent R. Posted August 21, 2012 Report Share Posted August 21, 2012 And don't forget the split a couple of years ago, in two. So basically that 9 dollar stock of your friend is worth 2x660=1320 right now... Now what if he invested about a grand in it... anyways, I did the same, bought for I think 18 dollars, sold for about 200. After the split. Made a good deal, I thought back then. I kept one stock from that batch, for fun. Quote Link to comment Share on other sites More sharing options...
Marc Wielage Posted August 22, 2012 Report Share Posted August 22, 2012 I still have a dream of an alternate lifestyle where I put my life savings in Apple stock in October of 1999, and cashed out this month... *sigh* One of the Mac forums has a chart that says, "if you had bought Apple stock instead of a $5000 laptop in 1999, you'd have over $500K today..." Quote Link to comment Share on other sites More sharing options...
studiomprd Posted May 20, 2013 Author Report Share Posted May 20, 2013 From the New York Times: " Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and surprised experts, a Congressional investigation has found. Some of these subsidiaries had no employees and were largely run by top officials from the company’s headquarters in Cupertino, Calif., according to Congressional investigators. But by officially locating them in places like Ireland, Apple was able to, in effect, make them stateless – exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world. In 2011, for example, one subsidiary paid Ireland just one-twentieth of 1 percent in taxes on $22 billion on pretax earnings from various operations; another did not file a corporate tax return anywhere and has paid almost nothing on $30 billion in profits since 2009. READ MORE » http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?emc=na Quote Link to comment Share on other sites More sharing options...
OmahaAudio Posted May 21, 2013 Report Share Posted May 21, 2013 Apple is being particularly evil with their latest bond sale. Instead of repatriating some of their overseas profits, and paying US taxes on same, to distribute said profits to its shareholders, Apple is selling bonds to gather the money to distribute and deducting the interest paid on the bonds. Pretty disgusting really. Quote Link to comment Share on other sites More sharing options...
MatthewFreedAudio Posted May 21, 2013 Report Share Posted May 21, 2013 Absolutely nothing disgusting about it. It's smart business and so long as they are doing everything legally there isn't anything wrong with how they handle their money. Production Sound Mixing for Television, Film, and Commercials. www.matthewfreed.com Quote Link to comment Share on other sites More sharing options...
Laurence Posted May 21, 2013 Report Share Posted May 21, 2013 If it's legal it's not wrong? Quote Link to comment Share on other sites More sharing options...
Jeff Wexler Posted May 21, 2013 Report Share Posted May 21, 2013 If it's legal it's not wrong? My sentiments exactly. Probably 80% of the things that are "wrong" in this country are perfectly legal. Quote Link to comment Share on other sites More sharing options...
old school Posted May 21, 2013 Report Share Posted May 21, 2013 And a few good things are illegal. CrewC Quote Link to comment Share on other sites More sharing options...
mikefilosa Posted May 21, 2013 Report Share Posted May 21, 2013 One of the Mac forums has a chart that says, "if you had bought Apple stock instead of a $5000 laptop in 1999, you'd have over $500K today..." A couple of years ago I came across the receipt for my first Mac Laptop - a PowerBook 540. $3800 !! MF Quote Link to comment Share on other sites More sharing options...
Johnny Karlsson Posted May 21, 2013 Report Share Posted May 21, 2013 And a few good things are illegal. CrewC Here's some funny ones: http://tjshome.com/dumblaws.php A couple of years ago I came across the receipt for my first Mac Laptop - a PowerBook 540. $3800 !! MF Yeah, but that machine was a BEAST at the time... Quote Link to comment Share on other sites More sharing options...
OmahaAudio Posted May 21, 2013 Report Share Posted May 21, 2013 http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?hp Quote Link to comment Share on other sites More sharing options...
Jeff Wexler Posted May 21, 2013 Report Share Posted May 21, 2013 Next Mac will be made in Texas, Tim Cook says Published May 21, 2013 WASHINGTON – Apple Inc. is as American as apple pie. Before a congressional committee probing tax loopholes that let his company avoid paying taxes almost entirely on tens of billions in revenues, Apple CEO Tim Cook stood strong, stressing one fact above all: This company was made in the U.S.A. “We are proud to be an American company, and equally proud of our contributions to the U.S. economy,” Cook told the Senate Permanent Subcommittee on Investigations, which released a detailed report Monday on the company's practices. Apple is holding overseas some $102 billion of its $145 billion in cash, according to the subcommittee's report -- an action that's perfectly legal, through quirks in the tax law the panel sought to address. Yet Apple pays billions in taxes already, Cook said. “To the best of our knowledge, Apple has become the largest corporate income tax payer in America,” Cook told the panel. And that's going to increase, as the company joins the ranks of companies that are once again building computers on U.S. soil. “We are investing 100 million for new Macs that will be built in Texas, with components made in Illinois,” Cook said. Parts for that computer will come from various facilities across the country, including Texas, Mississippi, Kentucky and more. This distribution mimics the nationwide sourcing for the company’s other products. “Components for iPhone and iPad are made in Texas, and iPhone glass comes from Kentucky,” Cook said. “In total, Apple is responsible for creating or supporting 600,000 new jobs,” he pointed out, noting that the company has created “hundreds of thousands of jobs” in the U.S. The Senate panel sought to examine not Apple’s job making strategy but its methodology of dealing with foreign income, which is shunted through an Irish company. Irish law lets a company conduct business in the country without paying taxes there. And that sure sounds like a loophole, stressed Senator John McCain. “Apple is one of the great tax avoiders in U.S. history,” McCain said. “Apple has given new meaning to the company’s old slogan, ‘Think Different,’” McCain said. J. Richard Harvey of Villanova University School of Law, who testified before Cook, agreed. “[My children] might characterize it as ‘making things go poof,’” Harvey said. But Senator Rand Paul, also on the panel, disagreed with that characterization. “I’m offended by the tenor of this meeting,” Paul said. “Tell me a chief financial officer you would hire if he didn’t try to minimize his taxes legally.” But Apple's strategies are legal, and many other multinational corporations use similar tax techniques to avoid paying U.S. taxes on profits they reap overseas. Yet Apple uses a unique twist, the report found. The company's tactics raise questions about loopholes in the U.S. tax code, lawmakers say. Apple refuted the subcommittee's assertions in testimony prepared for the hearing. Apple said it employs tens of thousands of Americans and pays "an extraordinary amount" in U.S. taxes, citing the roughly $6 billion it paid in fiscal 2012. Apple "complies fully with both the laws and the spirit of the laws," the testimony says. "And Apple pays all its required taxes, both in this country and abroad." "Apple does not use tax gimmicks," the statement says. The Associated Press contrubited to this report. Quote Link to comment Share on other sites More sharing options...
Jeff Wexler Posted May 21, 2013 Report Share Posted May 21, 2013 Well, here I find myself agreeing with some statements from Rand Paul. Congress focusing on Apple is a really cheap shot and serves to hide from public scrutiny the historical legacy of major corporations that continue even today to shelter their wealth, avoid paying taxes, employing as few Americans as possible, etc., etc. Don't get me started on a rant about a company like BP that can essentially destroy a major part of our country, forever, and walk away with record profits and a fine that equals their last quarter's profits. (and sorry, it seems like I may be posting in the wrong place, not following my own imposed guidelines for political posts) From Rand Paul: Excerpts from Sen. Paul's comments a few minutes ago, in which Apple executives were summoned before a Senate subcommittee: "I am offended by a government that uses the IRS to bully groups such as the Tea Party but I am also offended by a government that convenes a hearing to bully an American business." "I am offended by the spectacle of dragging before the Senate, executives from Apple using the brute force of government to bully one of America's great success stories." "I frankly think the Committee should apologize to Apple. I frankly think Congress should be on trial here for creating a bazaar and byzantine Tax Code that runs into the tens of thousands of pages, for creating a Tax Code that simply doesn't compete with the rest of the world." "I say, instead of Apple executives, you should have brought in a giant mirror if you want to see who is responsible." To the Apple executives here, I apologize for this theater of the absurd. I will do everything in my power to make our tax code simpler and more competitive." "If there is anyone to blame here, it is Congress and the tax code it created." Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.