First of all... If Apple was cooking the books, it all began under the helm of Steve Jobs, who ran the company for the last 20 plus years... Almost 90% of the cash overseas was built up on Jobs' running the company. Cook is actually spending the money... So I don't get your point. Apple pays more taxes than any company in the entire world. And by the way, tons of companies do the same thing and keep cash abroad because of the US Taxes being way to high. Everyone does it, IBM, INTL, CSCO, MSFT, GOOG, and on and on and on.... But funny that I don't see those CEO's up there getting drilled as Tim Cook is... Hmmmm...
What is the problem today? All i ask is for Apple to trade at a multiplier equal to it's peers. That's all.... I am not asking this to trade at 1000 bucks, just trade at the same multiples that MSFT and GOOG trade at. Apple certainly desrves that.
I have a buddy who works for one of the big three... He says that the store sells twice as many iPhones than Galaxys. And he sees loyal Apple customers returning and upgrading to the newer devices all the time. He says that the people buying the Galaxys are mostly african americans and asian customers aswell as people looking to save a buck on the phones and are willing to pay less money for inferior products.
I think you meant to say that Samsung will give away 10 million s4 and give their tablet at 1/2 off. Because thats what they are doing. Ofcourse people will buy the stinking plastic piece of garbage whenthey are getting it for next to nothing.
If Apple sold 100 brand names of phones that ran iOS and sold them for pennies on the dollar as Google sells Android inside of the tons of brands that operate on the Android platform, then Apple would be killing everyone in market share. It's simple... I can open a dollar store and sell a tennis ball that has air inside for $1 buck (i.e, Android Phone) and you can sell the same tennis ball at Walmart for $2 bucks but instead of air inside, it has a gas that bounces a bit higher. You sell the ball for $2 dollars because it costs more to produce the ball with the gas (i.e. iPhone). Yet I who sell the cheaper air ball for a buck, am able to sell 10 billion of them and put 50 different brand names on the cover of the ball. I would technically have higher market share but it doesn't mean that my ball is better than yours. It just means that people are looking to pay less for the phone and the majority of the world is lower to middle class people who can only afford cheap Androids which carriers are either giving for free, for a penny, or buy one get another free. I guarantee that if Apple where to lower the quality of the iPhone and sell them for less money and give them away for free or pennies, they would kill Android and everyone else.
After months of dogging Apple for it's iPhone, iPads and iMacs, news reports have run out of lies and excuses so now they have begun to attack Apple accessories... Saying that Apple has lost its grip on them... Really? Are they really going there now? Unreal people.... They should really just move on...
Sure....... Who buys a Samsung Tablet... I've never seen anybody with one. I either see an iPad or a Kindle. But no Samsung, Sorry !
So Apple trades at a P/E of 9. Apple now will pay out a quarterly dividend of 3% yield. They have zero debt. They are buying back shares equal to 60 billion over 2 years. They will continue to generate cash each quarter equal to $10-$20 billion free cash. They will continue to produce revenues of approx $20+ billion per quarter. They still continue to have the best operating system, eco system, hardware and design. Best products by far.
All of this, yet, analysts and traders keep saying that Apple does not innovate. Well, honestly who cares if they never put out a new product. What's wrong with selling the same item over and over again? Coca Cola has been selling the same Coke for 100 years, J & J sells the same band aids etc. And what the heck does Samsung produce? A plastic phone with a silly larger screen? Wow, thats really innovation for you.
Wallstreet wants Apple to invent a singing horse, a flying car, and a time machine.... The 100 billion returned to shareholders means nothing along with record revenues and everything else. These guys are insane.