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Presenting Apple's Historical Cash.... In Billions
Presented without comment. Well one - debt: $0.00. With $50 billion in Short and Long Term investments, Apple could be the second largest hedge fund in the world.
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Yup got me the iphone 4, hate to say it. Unfortunately, b/c of the strength of this piece of shit, I got smoked on my LULU Puts. Thanks Steve.
HTC Sensation > Samsung Galaxy S2 > iPhone.
Survey says iPhone users are the happiest smartphone users.
Survey says CPI overestimate true inflation.
Probably one of the best performing as well. Back out the Net Income from the increase in investments, annualize the return, and I'd say they're pretty slick at cash management too!
Isn't that because 30% of them think they already have 4G service?
LOL. So true. Your comment reminds me of my heated discussions with Adelphia on why the fuck is there a HDTV charge on my bill when your broadcasting in analog.
I hear wireless N is a standard as well. And people are going to deliver 60 watts of juice through ethernet to power a monitor and TV from a wire the size of a human hair.
FUCKING NUTS EVERYWHERE!!!
So should I sell my AAPL and buy Samsung instead? Sounds like a losing trade to me...for now.
I'd say you got smoked on the LULU puts because you got in front of a freight train. When it falls it will tumble but you at least gotta wait for the price/action to indicate something other than everyone and their grannies buying this thing.
I'm sorry to hear about that.
To understand LULU you must see a beautiful woman carrying a little LULU shopping bag as she walks through the mall.
What the hell is a LULU anyway?
I see my beautiful girlfriend wearing it. I still don't understand it but I sure do appreciate what they make. Nothing more attractive than seeing that intelligent and beautiful woman doing some yoga in the LULU wear.(No she'd never read this post I just can't help myself whenever the time arises to pay the girl a compliment. I hit the jackpot.)
I just checked out their website for the first time and holy moly man!!!! Do you know how much she is paying to walk around in her underwear?
Apple is a diamond... In a pile of shit....
I wonder if a monkey would fling that diamond with said shit or if it would remove it first.
It is a status symbol. How many people need apple products? There are not that many graphic designers out there. People spend their money on ipads to check their facebook from. Get a grip.
I've always been a fan of open source, none control freakery - and have always built my own PC's from components - I'm definitely not your typical style guru designer Apple user with square rimmed glasses
...but 2 years ago I bought a Mac Book Pro not because I liked Apple (because at the time, I detested them) but simply to write iPhone Apps, to make money.
Well, I've used this Macbook most days for the last two years, usually not plugged in and the battery life is legendary, still above 90% of what it was brand new and way better than most laptops being released today. It still looks brand new, I've had no viruses, the quality of the screen is immense and the mousepad kicks the shit out of anything i've used on any other laptop, and in fact, some actual mice.
The only complaint I have is that it's not ideal for outdoor use due to its glossy screen which reflects the sun back in your face.
Quite simply, with Apple, you get what you pay for. Same with the iPhone - that said - they are total bastards with their development program, and make it as difficult as possible to release an app.
Agreed,I understand that people hate, and dubbed the fraise "apple tax," and I get. I love my MacBook Pro. It's a fuckng tank! I lugg this around everyday to work and back (I have one scratch on it for 2 years). Do that to a Dell latitude! My $3,500 macro at work has run photoshop 8 hours a day, 6 days a week, for 6 years and won't die! If it does, plug in a FireWire cable, restart and hold down the letter "t" and everything is okay! What the fuck windows, they came out with that in the early 90's!!!
Sorry on your lulu puts, But don't blame aapl. lulu has been breaking shorts backs for some time. Who you going to blame for cmg,nflx,ext ext....
The total is about equal to one month of ben's printing during QE2 Bitchez!
But I thought if we taxed companies with huge cash positions our problems in this country would be solved. It's funny to think that even if the government just took AAPL's cash it wouldn't even fund a month of the trash they blew money on.
That doesn't even include all the toxic garbage ben acquired from the banks that is just the figure for money printing.
iPads will be the new currency.
So. What's Steve worth?
Quite a lot but his warranty is almost over. He broke the seal...
What does it matter.
He is 57 year old, one of the leading business visionaries of the 21st century, and in 12 months will in all probability (99%) be dead.
From when he was 29 years old. And just days away from being fired from Apple.
Well worth the time...Trust.
http://www.scribd.com/doc/43945579/Playboy-Interview-With-Steve-Jobs
Amazing interview -- thanks.
+1
So we actually read Playboy articles now?
GETTING OLD
Baby Boomers '1960 VS 2000'
Then: Long Hair
Now: Longing for hair
Then: The perfect high.
Now: The perfect high yield mutual fund.
Then: Keg.
Now: EKG.
Then: Acid Rock.
Now: Acid Reflux.
Then: Moving to California because it's cool.
Now: Moving to California because it's warm.
Then: Growing pot.
Now: Growing pot belly.
Then: Watching John Glenn's historic flight with your parents.
Now: Watching John Glenn's historic flight with your children.
Then: Trying to look like Marlon Brando or Elizabeth Taylor.
Now: Trying NOT to look like Marlon Brando or Elizabeth Taylor.
Then: Seeds and stems.
Now: Roughage.
Then: Popping pills, smoking joints.
Now: Popping joints.
Then: Our president's struggle with Fidel.
Now: Our president's struggle with fidelity.
Then: Being caught with Hustler magazine.
Now: Being caught with Hustler magazine.
Then: Killer weed.
Now: Weed killer.
Then: Hoping for a BMW.
Now: Hoping for a BM.
Then: The Grateful Dead.
Now: Dr. Kevorkian.
Then: Getting out to a new, hip joint.
Now: Getting a new hip joint.
Then: Rolling Stones.
Now: Kidney stones.
Then: Being called into the principal's office.
Now: Calling the principal's office.
Then: Screw the system!
Now: Upgrade the system.
Then: Peace sign.
Now: Mercedes logo.
Then: Parents begging you to get your hair cut.
Now: Children begging you to get their heads shaved.
Then: Take acid.
Now: Take antacid.
Then: Passing the driver's test.
Now: Passing the vision test.
Then: "Whatever"
Now: "Depends"
Too bad that the dollar is down 30% since then.
Apple should just use the $80B of cash on its balance sheet, lever it 10x and buy Europe x-germany.
problem solved.
igreece
I-taly
I-reland
Wow why doesnt Apple just become a bank?
If only they made eatible Ipads. hummmmm
Why don't they pay a dividend....and don't tell me they need to reinvest in the business because this proves they don't
Because they're planning for the future...it costs a lot of money to cryogenically freeze a CEO and transplant his head onto a jeans/turtleneck/sneakers wearing robot to run the company in perpetuity.
All kidding aside, I think they're hoarding cash for a shock and awe dividend/repurchase announcement when Jobs finally succumbs to his ailments.
Oops. Double post.
Apple'iances save the world!
On Steve Jobs return to Apple, Michael Dell of Dell Computers stated that the best thing Steve Jobs could do for Apple was liquidate the company and give all the money back to Apple shareholders.
This coming from a genius who made cheap copies of PC's with an operating system that Bill Gates copied from Apple.
LOL, what else would he say about a competitor that he obviously feared.
That looks like the national debt except it isn't steep enough.
+1
all that cash might someday have to be transported around in wheelbarrows
Interesting: The SPY's gone nowhere afterhours.
I believe that is because the weighting of Apple stock was reduced drastically months ago.
So, perhaps, they could move some production back into US?
Sheep dog one stated....
Wow why doesnt Apple just become a bank?
Haven't you heard? Apple is buying Bank of America.
Behold....iBank.
Start a passbook savings account and get a free iPad !
I know a good joke when I steal one:
"In this economy: Buy a new toaster, get a free bank!"
All Apple needs to do is add about 12% to its share price and it will be the largest company in the world (mkt cap).
Bigger than Exxon and Petrochina..
lol - crazy
80b in cash and no dividend. Ummmmm? K
1000 shares of each 1/2/87. Msft@.166 & Aapl@5.30 - Guess who blew the doors off who? While I may have some legacy shares of Aapl... I've never bought their shit... too proprietary... too troubling... too many coodies... have you ever had an Aapl computer go bad? They make nifty boat anchors. My droid was free. My salesman's iphone - $399. He's been back to the store several times - antennae problems + other problems... my cludgy old droid... never a hint of trouble. I'll take the droid and my free google gps, office, gmail, gvoice, google+, etc... Aapl may have no choice but to press their patent claims if this keeps up.
They could put it all in a money market fund and earn 0.00036% apr. Thank Ben.
So with that kind of money, Apple, by definition, has become a hedge fund--to go with its cult-priced computers. I love 'em too, but can't get myself to pay twice as much. Can a cult live forever?
Look at the catholic church.
...and the Orthodox ones, and the Muslims, Buddhists, Satanists, Pagans, (which I favor because they have the most fun), and witches covens.
Let's get more democratic. Include all organized religious myths that last for millennia. Maybe even forever.
If AAPL is successful in pressing patent rights, it will eat Google's lunch along with all the Droid makers.
Where's Reggie Middleton when you need him?
Puking.
Great question! Where is Reggie?? Heeeyyy Reeeeeggiiieee, whatcha doing??
Sorry to rub it in, but he was spewing a bunch of nonsense that so many douches around here bought without question cuz he threw a ton of numbers out there.
Why necessarily a hedge fund?
Why not just balanced portfolio asset allocation?
Not their money.
QQQ "only" .25c up @ 59.10?!?! This sucker should roar now that we know the almighty APPLE has "beat" all "estimates" :)))!
62% From Abroad, eh?!?! Hmmm!
Sobering to think that in 2012 when the GEC -thats global economic collapse , i know its catchy - unfolds , their sales will be falling 90% y-o-y. This is the ultimate bubble people. We have a sovereign NIGHTMARE unfolding and within a few short years all those plebs lining up for their I-whatsit 4 will be starving. Seriously. STARVING.
True. While Apple is doing a great job, the overall market movements are truly starting to feel just like the first NASDAQ bubble.
haha
What a company
Apple, the perennial sand baggers....
The TOP 100 companies by market capitalization
http://fadi.el-eter.com/top-100-companies-with-largest-market-cap.html
That total's around $12 trillion dollar of wealth just in the top 100 companies. And to think some people actually believe the fed and/or the treasury run our economy.
They need the Fed, as the Fed is their accounting department.
Swimming upstream against a torrent of dollar devaluation. Only up 50% (rather than 200%) in terms of gold.
Whatever they do, THEY BETTER NOT GIVE IT TO THEIR WORKERS! Those Chinese making the iCrap don't deserve more than $5 a day! Those profits are for executives and rent seekers only!
Those aren't "their" workers. Those factories are contracted to make iCrap, and are owned by Chinese businessmen. If you have a problem with their working conditions, you can take it up with them, or ask Apple to.
They got cash..they make good products and this is what we should all be admiring when looking for companies to invest in when the great reset occurs. As doomy as we are for the right reasons there is absolutely nothing wrong with this company doing it right and getting theirs..that is capitalism however they need to recognize how contingent their earnings are on outsourced labor and the margins they enjoy which are not sustainable.
Fuck that! They enslave their workers who try to kill themselves by jumping from the upper floors of the warehouse before working another day in their plants. Adam Smith may be proud of Steve Jobs, but his conscious weighs heavy on his soul.
Jobs traded his soul to go to the head of the transplant line a couple of years back.
Just a wild guess but I would bet anyone, any sane person on this board, possessing his fortune and contacts would do the same thing if they had his disease.
Ayn Rand is still right.
My only regret was selling it about 2 years ago in the 70s.
One notable exception:
Walter Payton (the ultimate sports class act) didn't use his fame and fortune to get to the head of the line.
Sorry, gotta call bullshit on that. Yes there were a couple suicides at the FoxConn plant, but the suicide rate of the workers there is lower than the suicide rate of China as a whole.
Looks like a country...hey wait a minute?!
5000 new viruses a day for macs, enjoy your 'safety'.
What kind of nonsense is that? It's very well known that Macs are much safer virus-wise than PCs.
They used to be, but only because of the small market share Apple had.
With increased market share you get more viruses.
That's because 30% of them think they have 4G already....
Plot that cash in Ozs of Gold to see how that pretty graph turn into shit! Flat at best!
:-)
I wonder how much gold AAPL is holding?
i own a motorola xoom...damn fine tablet. Apple is a bubble
my x father in law who literally changed light bulbs at their facilities sold his 10,000 shares for a split adjusted 10 bucks in 92. what a dumb ass.
Would be nice if someone with some graphing software can represent their cash holdings in REAL terms for example:
-Graph them in ounces of gold.
-Graph against Shadow Stat's Figures.
-Represent them as a percentage of M3 over the time period shown.
My MSFT Excel graphs won't cut it.
they need money to build their Cupertino Apple Spaceship office. seriously. They are building a spaceship.
Lets see if that nothing volume panic buyup is maintained into Europe's open...somehow i think not. The EZ is a c-hair away from a bond/liquidity crisis (after the ECB reveals it's now a toxic entity...), then there is the dregs of the inflation crack boom Bernanke gave as a gift to the world sans the food riots.
.
the doomsday trade is back on.
It could be deduced then that the lower tax a company pays, the more spectacularly successful it is.
Great for shareholders, founders, employees, and suppliers.
they need to hire some ex-Eagle Scout, debate team captain, Wharton/ HBS MBAs with the CFA, CPA, FRM, CAIA, CFP, CIC, CIMA, CFS, FINRA series 1,2,3,4,5,6,7,11,55,56,65,72.. and set up the 2-20