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by rpledge 5199 days ago
That's my guess. Or else they'll announce that they're starting a space program!

My understanding is that ably $66 billion is offshore. I really expected them to sit on the cash until the US government gave them some sort of tax amnesty

3 comments

Perhaps that's what they're going to announce. Some kind of understanding with the feds that lets them bring back money to the US.
Don't rule out something completely boneheaded. Jobs isn't there anymore. Remember Netflix/Quikster
A space program is about the only worthwhile thing apple could do with that money. The world doesn't need any more novel distractions, or rich investors.
Nitpick - the world needs all the rich investors it can get, just not any more rich speculators.

(where investor = someone looking to finance innovation and long-term value/wealth creation; and speculator = someone looking to get rich quick on market volatility, pump & dump, etc.)

Retirement funds might disagree.