Announced just this morning, Apple may make a Massive $400 Billion Shareholder Payout To Offset iPhone Disappointment.
Now doesn't that just make you feel all warm and cozy all over?
Apple's iPhone X sales woes have been extensively documented in recent days (most recently in "Doubts Grow At Apple" That A $1,000 Smartphone May Not Have Been A Winning Idea"), and with earnings by the world's most valuable company scheduled for tomorrow after the close, many have asked just how Apple will avoid having its stock punished for what has been a disappointing quarter. Adding fuel to the fire, Daniel Ives, an analyst at GBH Insights in New York, said Wall Street was in "full panic mode" about iPhone figures.
Well, it appears that Tim Cook has come up with a solution: according to The Times, the Apple CEO may unveil a mammoth $400bn cash return to shareholders "in an attempt to ease unrest over weak iPhone sales."
Several analysts have predicted that Cook will hand shareholders $300bn to $400bn through dividends and a share buyback scheme over two to three years.
The very transparent part of this comes in the next paragraph:
"A huge buyback by Apple has been made likely by Donald Trump’s tax cuts, which will allow Apple to repatriate its $252bn foreign cash pile without paying a substantial capital gains tax bill;"
Doesn't that make you feel extra warm and cozy all over? I mean.... it must really make all you iPhone X buyers feel sooooo good to know that you paid a fortune for a phone (that according to most iPhoneX owners I've talked to, is NOT worth the money they paid for it), and yet all the Apple Shareholders will get an monetary apology for it, while you get absolutely nothing.
(...and if you live here in Malta and have to deal with the iPhone store, you'll be lucky to get someone to even answer the phone, let alone actually help you if you have any problems with it!).
Just to make this very clear, here is what Deutsche Bank's Jim Reid had to say:
"To put that number in perspective, a country with $400bn of annual output would slot it above Norway but just below Austria and in 28th in the world."
Posted from my blog with SteemPress : http://www.rts.earth/2018/04/apple-will-give-mega-payout-to-shareholders/
Well, if you ask me, Apple's days are numbered. I type this on a MacBook Pro, I have an iPhone 6S (the last one with a headphone port) and I'm not sure what I'm going to do when this hardware needs replacing. I'm planning on getting another 6S soon because my charging port is loose and I have to prop up my phone a certain way to get it to take a charge. I love what Steve Jobs built but Tim Cook is running it into the ground.
I hear ya! My best friend just broke her 6 and had to replace it- she REFUSES to get any of the higher models- and today her ipad just randomly stopped working- dead.
d
I could see tech, especially hardware, going into a mini dark age until crypto fully decentralizes the world economy and all downstream effects of that are felt.
Highly rEsteemed!
Fakebook, Assle, and Goolag are the enemy. Fortunately, they are essentially under attack globally for their predatory business models. Let's hope they are revealed for what they are, and destroyed utterly.
Thanks!
sooner rather than later, is still not soon enough for me!!
d
Well, while I agree that predatory people like the FAGs shouldn't be harming us, we cannot learn unless we are motivated to do so, and the pain such create is motivating.
We also can't learn unless we remember those motivations, and this is why I am alarmed at the current and accelerating scrubbing of content on the net that reveals such predation, and of the communities of people that reveal it and seek to end it.
This is why we need better social media, which Steemit has shown how to improve, and decentralized archival solutions, which, again, Steem blockchain shows how to do, but is only a partial implementation.
Our posts and comments here are archived on the blockchain, which is good. We need an archival solution for the internet, like archive.is, but decentralized and on an immutable blockchain dispersed across jurisdictions, so that it can't be scrubbed.
Let's hope those as can effect such a solution do.
Thanks!
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