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by rasputhin 3823 days ago
'Smart, rational people in the media, like Nilay Patel of The Verge' ahh yeah.. Ok

Apple is going to be fine.. They carry very little /no debt and make the best phone in the world that magically becomes obsolete in 14 months..

I can't imagine a better business to be in and dominate.

2 comments

Apple will have an alright year. Speculators in Apple common stock will have a tougher year.
They do have debt now, they took out loans worth tens of billions in US and a few other countries in order to avoid bringing in money oversea. I believe they're at 40-50$ billions in debt now.

Yes, they have very low interest rates on these loans and probably can pay them all off once the oversea profits come into US at a loss of 40% tax but they're technically debts.