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Apple Cash Hits $110 Billion, Up $12.6 Billion

Tyler Durden's picture


If there is anything at all less than superlative that can be said about Apple's consolidated cash hoard, which grew by $12.6 billion in the quarter and double from a year earlier, is that it is a tad less exponentially than before. Still, not bad: the country's cash stash is nearly enough to cover the first Greek bailout (will need to wait 2 more quarter for it to be sufficient to pay for the fifth one).


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Tue, 04/24/2012 - 17:00 | 2371511 blu
blu's picture

One word: Dividend

Tue, 04/24/2012 - 17:06 | 2371534 spiral_eyes
spiral_eyes's picture

One word — treasury bills.

Tue, 04/24/2012 - 17:10 | 2371564 SilverTree
SilverTree's picture


Tue, 04/24/2012 - 17:18 | 2371603 LowProfile
LowProfile's picture

Mmmm if AAPL goes to pay a divi, will the Fed buy those treasurys?

Tue, 04/24/2012 - 17:24 | 2371621 Pladizow
Pladizow's picture

Cant wait to renounce my citizenship for an Apple Passport!


Tue, 04/24/2012 - 17:25 | 2371630 wisefool
wisefool's picture

Nancy pelosi wants to be unleashed. As do most tropes.

Tue, 04/24/2012 - 17:11 | 2371569 Eclipse89
Eclipse89's picture

I would really like to know what is the production cost of an iphone.. 60$?

Tue, 04/24/2012 - 17:55 | 2371615 Max Fischer
Max Fischer's picture



I think I'd be helpful to see a chart of Apple's cash hoard overlayed with NFLX's cash reserves.

I think I understand why doomer goons hate Apple so much.  Apple is the EXACT opposite of what a doomer goon stands for.  Apple is progressive, and high-tech, and socially popular, and futuristic and incredibly successful.  Doomer goons are reclusive, anti-social Luddites who crave collapse and failure and turning back the dial of time. 

Oil and water, really.  


Tue, 04/24/2012 - 18:02 | 2371711 Bay of Pigs
Bay of Pigs's picture

Hey Max,

Keep fucking that chicken.

Tue, 04/24/2012 - 18:34 | 2371760 First There Is ...
First There Is A Mountain's picture

Apple - bringing you progressive, futuristic and hi-tech distractions wrought from suicide factories employing children....yes, quite progressive indeed you little bitch ass trick....Progressive, socially popular/responsible companies would never tolerate such inhumane working conditions, would they?

Tue, 04/24/2012 - 19:44 | 2371899 Max Fischer
Max Fischer's picture



If you're a libertarian, you should applaud Apple for their labor practices.  Apple (and most corporations) have taken their manufacturing to the corners of the Earth to find producers that can operate without pesky government regulations and intrusive labor laws. A libertarian should APPLAUD all corporations that put balance sheets ahead of the forced ethics that governments try to impose on Mr. Galt. Or did you live in some sort of ideological fantasy land where ethics supercede profits?  Did you think Galt cared about people?

It's purely hypocritical to hear libertarians complain about unfair labor practices in third world countries.  That's where your anti-regulation, anti-government libertarianism flourishes.  


Tue, 04/24/2012 - 19:52 | 2371909 TWSceptic
TWSceptic's picture

Just because one is against regulation, doesn't mean one can't criticize private corporations. There is no contradiction there. In fact, because we want governement to stay out, we look for regulation through pressure from the public opinion and press.

Tue, 04/24/2012 - 20:11 | 2371930 tarsubil
tarsubil's picture

Hey, how about before attempting to enforce the zillion and one regulations the government tries to enforce contracts and basic laws against theft, fraud, and murder?

Tue, 04/24/2012 - 20:29 | 2371954 sessinpo
sessinpo's picture

tarsubil                    2371930

Hey, how about before attempting to enforce the zillion and one regulations the government tries to enforce contracts and basic laws against theft, fraud, and murder?



Not sure I understand your sentence. Are you suggesting the government enforce contracts (GM bond holders contracts negated by gov), theft (inflation by massive printing by FR and endorsed by gov), fraud (social pyramid schemes put on the populace by gov) and murder (I'll leave this one blank for any one to fill in themselves.)


I hope I am just mistunderstanding your sentence.

Tue, 04/24/2012 - 20:38 | 2371967 tarsubil
tarsubil's picture

Yes. I am suggesting that the government perhaps should try to enforce basic fucking laws that are common to all of humanity (laws that it itself violates every fucking day of the week including Sundays - so it can start by shooting itself in the head) before adding one more fucking regulation about how raw milk can be handled and sold.

Wed, 04/25/2012 - 04:31 | 2372629 Zero Govt
Zero Govt's picture

Riiiiight ..the "Laws" forced on humanity have worked soooooo well haven't they?

Do a simple chart sometime and you will see the rise in laws leads to the rise in anarchy (a small group running riot over society)

Plot the rise of directives in Communist USSR

Plot the increase of rules in both the Ming Dynasty or Communist Party China

Plot the mushroom cloud explosion in Laws in the US and EU

as Law increases freedom and the economy collapses. It's a very simple graph, even a 5 year old could 'get it'

the Law is abuse of freedom, the Law is the exact OPPOSITE of freedom... Doh!

Wed, 04/25/2012 - 09:06 | 2372963 widget
widget's picture

I'm not up to date with the laws and regulations on fucking. How many fucking days in a week is allowed ATM? This police state...

Wed, 04/25/2012 - 04:34 | 2372633 Zero Govt
Zero Govt's picture

ever considered it was the criminals in society that make the Laws?

..maybe that's why they're above the Law which was only designed to suppress the public from the outset

seems pretty bloody obvious, why does nobody get it?!!

Wed, 04/25/2012 - 04:37 | 2372634 Zero Govt
Zero Govt's picture

TWSceptic  - you are not a Libetarian

the Law is the exact opposite of freedom dimwit


Tue, 04/24/2012 - 20:12 | 2371929 tarsubil
tarsubil's picture

"...forced ethics that governments try to impose..."

When you say "ethics" do you mean blowing random limbs off random dark skinned people? Or perhaps you're referring to the sucking of brains out of babies?

Tue, 04/24/2012 - 20:13 | 2371937 tarsubil
tarsubil's picture

By the way, Apple loves both the government of China and the US. It hates and fears a free market and a free internet and free people. It loves drones like you and drones like you love it.

Tue, 04/24/2012 - 22:44 | 2372195 ChrisFromMorningside
ChrisFromMorningside's picture

You're such a tool Max.

Anti-government libertarianism leads to China (as per the Apple example)? That's idiotic. China has a monumental bureaucracy, one of the world's biggest standing militaries, total state control of the monetary system, state control of the biggest banks, government-enforced monopolies, state police are regularly used to settle private contractual disputes with violence ... need I go on? That has nothing to do with libertarianism or free markets.

Most of these "sweatshop nations" or "factory nations" like China that are used as outsourced low-margin industrial labor are just straight-out fascist oligarchies. Usually they're also puppets of the Wall Street-City of London empire (US-UK-NATO-Israel), which uses force or the threat of force to keep them as captive markets ready for corporate looting. That's about as far from free markets as you can possibly get. We're at a point in history where government and private-sector finance are essentially part of the same greater entity.

Also ... Apple is high-tech and "doomers" hate it because they're Luddites? Come on. So much of Apple's popularity lies in their products' entertainment value. They're not groundbreaking and they aren't as economically significant as many people make them out to be. Not even close. In my eyes, for many people they're just expensive toys. There is a lot of technology out there that isn't anywhere as socially popular as Apple toys but is a lot more groundbreaking, a lot more economically significant, a lot more critical to our existence. You have a really narrow view of society.

Wed, 04/25/2012 - 04:15 | 2372620 Zero Govt
Zero Govt's picture

wasn't the 'journalist' pumping out all this slave labour BS exposed as a complete fraud couple months back??

let not the truth get in the way of the Marxist-socialist dominated media stories ...their jobs are all up for the chop in the years ahead ...good coz their output is non-stop dumbed down garbage and their market share is terminal

..hence the successful Murdoch/Fox network is being nobbled by these failing toerags

Tue, 04/24/2012 - 18:48 | 2371789 Non-overlapping...
Non-overlappingMagicCereal's picture

You know, I think Max just might be on to something.

Tue, 04/24/2012 - 20:32 | 2371962 Bay of Pigs
Bay of Pigs's picture

No, he isn't.

He totally misrepresents the issues and leaves out things like honesty, integrity, and responsibililty. 

Tue, 04/24/2012 - 22:24 | 2372151 Non-overlapping...
Non-overlappingMagicCereal's picture

Good point, never want to leave those out!  Honestly Max, show some responsibility and integrify it up a bit next time.

Tue, 04/24/2012 - 22:52 | 2372224 Bay of Pigs
Bay of Pigs's picture

I am talking about his constant misrepresentation of Libertarianism.

He has no clue on it whatsoever.

Wed, 04/25/2012 - 04:23 | 2372624 Zero Govt
Zero Govt's picture

Max is (rightly) pointing out Libertarianism allows companies to go where the fuck they want to suit their goals, inclding bottom line.

Max is also (rightly) pointing out companies seeking places with less rules, files of regulations to comply with and warehouses full of other Govt garbage to wade through makes good economic sense

what the fuck has that got to do with integrity or any other principled pile of leftie/unionist bollocks?

they're not theiving scum, like the US Govt, banks and Unionists

Tue, 04/24/2012 - 18:59 | 2371806 donsluck
donsluck's picture

Hey, I resemble that "doomer goon" remark! Who are you addressing, sir? I don't think it's a desire for collapse, it's an expectation. The 1990's were much more fun.

Tue, 04/24/2012 - 20:35 | 2371964 sessinpo
sessinpo's picture

donsluck                   2371806

Hey, I resemble that "doomer goon" remark! Who are you addressing, sir? I don't think it's a desire for collapse, it's an expectation. The 1990's were much more fun.



You're alright. What Max doesn't get is most "doomer goons" are realist. We know that things are at extremes and will eventually resort the mean. That is what markets do. Max is just trying to be sensational for attention. Just ignore him. The preference has always been for steady growth on sustainable fundamentals backed by sound fiscal and monetary policy. It is ones like Max that can't see that.



Tue, 04/24/2012 - 19:13 | 2371837 azzhatter
azzhatter's picture

I never deny they have done great things as a company, created several markets and managed their brand fantastically. It's the hypocrisy of these silicon valley companies like apple and google that makes me hate them. They are nothing they claim to stand for, nothing.

Tue, 04/24/2012 - 19:29 | 2371860 tmosley
tmosley's picture

Hey Max,

If you must pull shit out of your ass, do us all the favor of doing it in the bathroom (and refraining from blogging about it while you do so).

Doomers are no more anti-Mac as a whole than any other group of people.  You just focus in on the weirdest bullshit to try to prove whatever the fuck it is that you are trying to prove.  Give it up and get the fuck out.  You and ALL of your other bullshit pseudonyms.

Tue, 04/24/2012 - 21:21 | 2372030 Max Fischer
Max Fischer's picture



Listen up Lady...

You're just angry because:

1.  The Comex hasn't imploded like you claimed it would every three months for the past three years.

2.  JPM hasn't gone bust, even though you've bought all those stupid coins.

3.  Paper hasn't decoupled from physical like you said was imminent.

4.  Prices of precious metals actually do matter, even though you've said they don't.

5.  Silver did NOT go to $60 a week after it collapsed (Spring 2011), when you told everyone to "buy with both hands" at $45.

6.  You were exposed as a hypocrite because you live off of government grants, yet you spent the entire 2011 at ZeroHedge pretending to be an anarcho-capitalist.

7.  You spell your name Thom, instead of Tom like you're suppose to.

8.  All the food in your bunker has molded.

9.  Someone stole your removable front porch.

10. You were never able to buy the trailer that you promised your wife if silver got to $50.  (true story - a post of yours from November 2010)



Tue, 04/24/2012 - 21:46 | 2372072 Tsunami Wave
Tsunami Wave's picture

This, coming from Max Fuckface who:

1.) Keeps getting kicked off of Zero Hedge because he's a troll who likes to make fun of other people because he doesn't have a life.

2.) The Comex will default, whether you like reading the numbers or not.

3.) JPM will sadly, probably never go bust, whether it explodes from its shorts or cashes in on the silver/other commodities it holds, and those "stupid coins" will never go to zero or at least will hover around your IQ level.

4.) Paper and physical will "remain irrational longer than you or I can remain solvent", whether price "matters" or "doesn't."

5.) The Silver market, just like nearly all markets, whether you want to drink the Journ-o-list/Think Progress/MSNBC kool-aid or not is heavily manipulated (But hey, who gives a shit, I don't mind buying anything cheap and seeing a nice return on investment)

6.) You were exposed as a troll multiple times on here RED NECK REPUGNICANT/Texas Gunslinger/Libertarians for Prosperity, yet you still come back for more on ZeroHedge, being the shit stain that you are, and you try to harass anyone that thinks differently than your completely asinine, liberal, I'm-so-tolerant-to everyone-and-their-ideas-except-for-those-who-disagree-with-anything-I-say-and-I'm-so-in-love-with-my-liberal-utopian-douchebag brain

7.) No one gives a shit about your life.

8.) You're just a hateful, spiteful troll.

9.) You're large and fragile ego and personality seems to be "decoupling" from reality

10.) Look at you, the loser & failure you are.. GTFO Troll.

Tue, 04/24/2012 - 19:48 | 2371906 TWSceptic
TWSceptic's picture

I think you proved here just how simplistic your thinking is. Or it's just trolling of course, which for your sake I hope it is.

Tue, 04/24/2012 - 17:22 | 2371618 CPL
CPL's picture

lol...lower...keep going.

Tue, 04/24/2012 - 23:42 | 2372340 thefedisscam
thefedisscam's picture

Apple has a gross profit of a little over 50%, and net profit of 24% or so. If they were hiring workers from the U.S., MOST of their Net profit would have to go for higher labor cost.  This is why I say without the Slave concentration labor camp in China, there would be NO AAPL hundreds of billions of profit!

Tue, 04/24/2012 - 17:42 | 2371667 FXPortent
FXPortent's picture

The irony is that I constantly rip on AAPL from the keyboard of an iMac.


I'm surprised Apple hasn't written any anti-Apple censors into the Lion OSX.


I'm actually in favor of a hologram of Steve Jobs jumping out and lamenting me for my criticisms.

Tue, 04/24/2012 - 17:00 | 2371512 JLee2027
JLee2027's picture

If AAPL would buy Gold and Silver, it would change the world more than the iPad.

Tue, 04/24/2012 - 17:04 | 2371529 SHEEPFUKKER

Exactly.  But they employ slaves in China so doubt they are really onboard the sound money train. 

Tue, 04/24/2012 - 17:07 | 2371546 Zero Govt
Zero Govt's picture

definition of "slave"

a). applied/volunteered for job  b). forced into forced labour

if you answered 'b' you're living up to your name

Tue, 04/24/2012 - 17:17 | 2371595 LowProfile
LowProfile's picture

Work or starve?

Not much of a choice there.

I guess you could kill yourself.

Tue, 04/24/2012 - 17:44 | 2371672 BigJim
BigJim's picture

Produce or starve has been the lot of humankind since the beginning... that, or enjoy the fruits of someone else's labour, given voluntarily via charity or taken by force (war, or government 'redistribution').

Unless you happen to be born into some tropical paradise where the mangoes just drop into your lap, we need to work - we can't just sit in the sun and photosynthesize.

Tue, 04/24/2012 - 19:15 | 2371819 donsluck
donsluck's picture

True, but it's interesting to note that hunter/gatherers only spend about 15 hours a week making a living. With all our modern marvels one would think we would only need maybe 5 hours. The bankers recognized this hundreds of years ago and came up with their system which drains off the increase in productivity and locks us into a barbaric amount of hours. And then there is over-population.

Tue, 04/24/2012 - 19:34 | 2371876 tmosley
tmosley's picture

They also had a life expectancy of 19 years (somewhere in the low 30's if you throw out infant mortality), and they ALL died at once if there was a major disaster.

If you want to live like a hunter gatherer, you can do that for free, or very close to it, and live much better than they did.  Just go be a hobo.  Sure, your life expectancy will be something like 45 years, but it sure beats 19.

But that doesn't mean the bankers and governments aren't stealing from us.  I would argue that we would all be able to maintain our current lifestyle on less than 1/4th our income were it not for the theft of capital by governments and bankers which is ongoing.

Tue, 04/24/2012 - 19:22 | 2371843 Z Beeblebrox
Z Beeblebrox's picture

[slightly redundant after donsluck's comment above]

With today's technology, there's no excuse for the world not being a mango-filled paradise. Sure, we have to work, but in a society without artificially-induced scarcity, and without legalized plunder, the amount of work required of each person would plumet, and people could concentrate on what they find fulfilling, not what they feel they must do to survive.

Tue, 04/24/2012 - 17:57 | 2371700 Zero Govt
Zero Govt's picture

Work or starve? 

I choose work.. whatta bout you?

Work or jump off a roof?

I choose change my job.. whatta bout you?

i see the most expensive and indebted quasi State education has not produced many thinkers... these dorks can't even answer an a) or b) question correctly!!

Tue, 04/24/2012 - 19:12 | 2371836 EndTheMedia
EndTheMedia's picture

Debtors prison comes to the U.S.

Tue, 04/24/2012 - 21:13 | 2372019 Edelweiss
Edelweiss's picture

  In a recent case (in Illinois) a woman was arrested for not paying on a debt to a creditor.  It was because she was considered in contempt of court, after she had agreed to pay it, and subsequently lost her job.  In this same town, I guess it's frowned upon to have a neighborhood poker game involving money.  A story just ran in their paper about a game where cops got a tip a game was in progress.  They came into the residence with guns drawn, and handcuffed everyone there.  A local doctor among them.  Two of those present were taken to jail.  They were charged for not paying taxes on winnings, and not having a gambling license.  According to the article, $3,000 and two tv's were seized by police.  Big surprise, the cops are seeking forfeiture of what they confiscated, since it was involved in a "crime".  As I read this, it made me sick.  If I left out the fact that cops were involved, it would sound like a shakedown by local gangsters.  Fucking nauseating. 

Tue, 04/24/2012 - 17:18 | 2371596 TheSilverJournal
TheSilverJournal's picture

It's the Fed and the Chinese central bank that team up to make Chinese workers slaves and the US the masters of the Chinese, not Apple. When the Chinese figure out that they are better off keeping the fruits of their labor instead of working and getting nothing buy pieces of paper in return which are then invested into US Treasuries and can never be redeemed because if they are, the Treasury market would collapse, then the ponzi collapses.

Tue, 04/24/2012 - 17:20 | 2371609 Buckaroo Banzai
Buckaroo Banzai's picture

You want to see a slave? You don't have to go all the way to China. Just look in the mirror.

Unless of course you're one of the 49% that doesn't pay income taxes.

Wake up, people.


Tue, 04/24/2012 - 17:22 | 2371619 SHEEPFUKKER

True Buckie....I guess there are blue collar slaves and white collar slaves but all are slaves nontheless. 

Tue, 04/24/2012 - 17:54 | 2371694 Zero Govt
Zero Govt's picture

the Sheepfukker is a philosopher too

Tue, 04/24/2012 - 17:33 | 2371654 Id fight Gandhi
Id fight Gandhi's picture

How much did apple pay in taxes

Tue, 04/24/2012 - 17:52 | 2371688 Zero Govt
Zero Govt's picture

the less the better

...whoever wants to keep that shitshow in DC going any longer deserves a pitchfork up their arse

Tue, 04/24/2012 - 21:24 | 2372040 Pure Evil
Pure Evil's picture

Did someone mention pitchforks up arses? Just my line of work.

Tue, 04/24/2012 - 18:52 | 2371796 Non-overlapping...
Non-overlappingMagicCereal's picture

Wake up, indeed.  I would love to see you explain your enslavement to an actual slave laborer, just to see the perplexed look on his face as you stammer out your whiny bullshit.

Tue, 04/24/2012 - 20:34 | 2371963 Buckaroo Banzai
Buckaroo Banzai's picture

Flush out your headgear, fucknut. Those Foxconn "slaves" stood in line to get their jobs and 99.9% are happy to have them. Poverty is REAL in China.

I, on the other hand, am forced at gunpoint under pain of imprisonment to submit a gigantic fraction of my labor to my masters in DC, all because 51% of the voting electorate in this ignorant Godforsaken country voted that way.

Don't try to tell me who is the slave, you ignorant fuckbag.

Tue, 04/24/2012 - 22:28 | 2372155 Non-overlapping...
Non-overlappingMagicCereal's picture

Who mentioned Foxconn?  I did not.  Care to revise?

Tue, 04/24/2012 - 22:16 | 2372137 Cathartes Aura
Cathartes Aura's picture

@Zero Govt

definition of "slave"

a). applied/volunteered for job  b). forced into forced labour

I'll go for "b) forced into forced labour" - aka forced "internships" -

Apple's factories in China are employing tens of thousands of students, some of them on forced internships, according to campaigners lobbying for better labour conditions at Foxconn plants, which assemble iPhones. Some students could be as young as 16.

Students of nursing, languages, music and art are being corralled into internships of between three and six months, during which 10-hour days and seven-day weeks are not unusual, according to Sacom and a number of Chinese media reports, which claim colleges and universities are acting as employment agencies, sending their pupils to Foxconn not for relevant training, but to bolster the workforce during summer and winter holiday periods.

of course, it's one thing to intern for a position that is in accordance with your chosen field of study, in which you get valuable experience related to your field - it's quite another to be used as slave labour to produce toys for idle amrkns to pose with.

Wed, 04/25/2012 - 04:06 | 2372611 Zero Govt
Zero Govt's picture

"campaigners lobbying for better labour conditions at Foxconnplants.."

these are the same damn (destructive) lefties and Unionists that have crippled the competitiveness of Western labour

Here's the News: it's none of their fucking business, these socialist tossers and their ilk have destroyed enough jobs, now we haven't got any

China was ruined twice by over-bearing Govt with truckloads of rules.. they've only just recovered from the Communist bankrupt hell where almost nobody had jobs as the country was in the sewer

leave the private sector alone and if somebody doesn't like their job then walk ...maybe these bleating campaigners can do something productive and find job placement in their dreamy socialist world, try that Union-Democrat managed wonderland in Detroit, 40 years of socialism takes you places (the toilet)

Tue, 04/24/2012 - 17:09 | 2371555 Joe Davola
Joe Davola's picture

iAsteroid - they'll get Foxconn to stack a tower of underpaid employees to reach into space and mine gold and silver from asteroids, screw that Musk bozo!

Tue, 04/24/2012 - 18:46 | 2371780 flying dutchmen
flying dutchmen's picture

housing is probably a better investment then gold and silver. median home prices vs gold previous low was 100 oz.. which is where we are close to today.......  gold and silver are both up 500% more for silver.. its not easy money anymore..

Tue, 04/24/2012 - 17:01 | 2371513 asteroids
asteroids's picture

Windfall tax time?

Tue, 04/24/2012 - 17:00 | 2371514 max2205
max2205's picture


Tue, 04/24/2012 - 17:01 | 2371517 CClarity
CClarity's picture

So Apple is sitting on enough cash for Facebook's hoped for market capitalization following the projected IPO.  That would be an interesting game-changer if Apple tried to acquire FB.  But Zuck will still have control with majority stake.

Tue, 04/24/2012 - 17:18 | 2371543 Hansel
Hansel's picture

That's not cash, those are Treasuries.  Apple is quite successful at funding the U.S. deficit.

edit: a little less than 1/2 of Apple's hoard goes to fund the deficit.

Tue, 04/24/2012 - 17:20 | 2371610 midgetrannyporn
midgetrannyporn's picture

microsoft facebook and the squid are already in bed together. one nice thing to say about apple and google, they aren't microsoft.

Tue, 04/24/2012 - 17:24 | 2371624 Rahm
Rahm's picture

Do you work at the SEC?

Tue, 04/24/2012 - 17:24 | 2371626 midgetrannyporn
midgetrannyporn's picture

They are my best customers.

Tue, 04/24/2012 - 17:01 | 2371518 catacl1sm
catacl1sm's picture

What did they pay in taxes?

Tue, 04/24/2012 - 17:04 | 2371525 RollOnShabbos
RollOnShabbos's picture


Tue, 04/24/2012 - 17:08 | 2371553 Eclipse89
Eclipse89's picture


Tue, 04/24/2012 - 17:33 | 2371655 Akira.
Akira.'s picture

I think maybe hes referring to earths gravity(9.8 m/s^2).

Tue, 04/24/2012 - 17:03 | 2371523 EscapeKey
EscapeKey's picture

That should be just about enough to buy 7 fully upgraded Mac Pro's.

Tue, 04/24/2012 - 17:04 | 2371524 Zero Govt
Zero Govt's picture

Apple up $12.6bn

...Reggie's not going to be a happy puppy (ZH'ers better avoid him all week, he's got a foul temper when Apple out-performs)

Tue, 04/24/2012 - 17:05 | 2371532 kaiten
kaiten's picture

Now, Apple can fund US government .... for two weeks.

Tue, 04/24/2012 - 17:17 | 2371594 Sudden Debt
Sudden Debt's picture

And that's the most scarry part of all!
The biggest toymaker in the world is worth 2 months of US deficits... Just to keep the fata morgana going.

Tue, 04/24/2012 - 18:35 | 2371761 UP Forester
UP Forester's picture

Well, you just know we're going to get to that mountain sooner or later....

Tue, 04/24/2012 - 21:05 | 2372007 disabledvet
disabledvet's picture

guess we're gonna need more of those then. Thank God are banking system is lending money like crazy to "get on board the growth train"!

Tue, 04/24/2012 - 17:05 | 2371533 I am a Man I am...
I am a Man I am Forty's picture

Great TD, thanks for posting, steady as she grows.  Good looking chart.

Tue, 04/24/2012 - 17:12 | 2371573 I am a Man I am...
I am a Man I am Forty's picture

Hey TD, can we do an updated, NFLX vs AAPL chart?  The last one posted the other day was soooooo informative, you know, taking 2 completely different companies, overlapping their stock like they are the same, and insinuate that Apple is going to crash just like Netflix.

Fucking priceless.  Do another one, pleeeeaaassee.  BTW, where is RM when you need him?

Tue, 04/24/2012 - 17:15 | 2371583 fuu
fuu's picture

Grind that axe, grind it up!

Tue, 04/24/2012 - 17:31 | 2371648 I am a Man I am...
I am a Man I am Forty's picture

I can't help it, this blog has been so negative on Apple, starting with Reggie Middleton and his very poor, no let's use the word shitty, there, shitty analysis.  He throws a bunch of information up, much of it inaccurate and misleading and wrong.  Then TD follows up with scare tactics overlaying NFLX charts and the big bad hedge funds that are going to all exit at the same time when apple misses earnings (this happened in Oct 2011 BTFW and wasn't the end of the world).  It's bad analysis, it should be beneath them, and they never stop.  Apple drops 10% or so and they are like pavlovs fucking dog, Apple was due for a decent pull back, which is totally normal after you move up so fast.  If ZH wants to throw out crap I am going to call them out on it.   This beautiful chart they posted is not crap.

Tue, 04/24/2012 - 17:38 | 2371661 midgetrannyporn
midgetrannyporn's picture

The major reason for these significant differences in spending out of household wealth is doubtless that, while home prices do on occasion decline, large declines are rare; the general experience of homeowners is a modest, but persistent, rise in home values that is perceived to be largely permanent. This experience contrasts markedly from volatile and often-ephemeral gains in stock market wealth...


Alan Greenspan, 1999

Tue, 04/24/2012 - 19:42 | 2371896 I am a Man I am...
I am a Man I am Forty's picture

Dude, or Chick, this has absolutelynothingtofuckingdo with what I posted on.  There is a huge fucking difference, I have the time but am not going to explain it to you.  Never mind, subprime criminal activity and fraud and a kick ass company have zero to do with one another.  And if you think that I think that apple is going to be the biggest and baddest on the block forever you would be wrong again.  Alan fucking Greenspan's quote doesn't unilaterally apply to everything.  It definitely applies to the housing market with crooked fucking bankers loaning a shit ton of money to poor people.  Bankers letting people lie about what they make, ninja loans, etc. etc.

Tue, 04/24/2012 - 20:18 | 2371946 buzzsaw99
buzzsaw99's picture

An AH bounce makes you a genius and ZH a dolt? Are you going to guarantee that crAAPL makes new highs soon? What is your point?

Tue, 04/24/2012 - 21:30 | 2372050 Pure Evil
Pure Evil's picture

His point is that he's a ZH hater, and a douche bag.

Tue, 04/24/2012 - 22:59 | 2372240 CvlDobd
CvlDobd's picture

And he has been long AAPL while most here have been trying to short it or buying puts so he is a rich douche bag.

Tue, 04/24/2012 - 17:47 | 2371678 Id fight Gandhi
Id fight Gandhi's picture

I see nothing wrong with contrary analysis. Everywhere else is mindless cheerleading of apple.

Tue, 04/24/2012 - 17:55 | 2371695 BigJim
BigJim's picture

Don't you get it? When PMs rise in price, it's because the world is finally coming to its senses; when a company makes vast profits from selling something the world wants, and its share price rises, it's a bubble.

And when PMs drop 10% it's either an overdue correction or market manipulation; but when AAPL drops it's their comeuppance for hiring AnAnonymous' cousins, instead of more deserving US Citizenism citizens.

Now... if that post doesn't get me junked, I don't know what will :-)

Disclosure: long-time ass-raped PM miner stockholder

Tue, 04/24/2012 - 18:38 | 2371763 CvlDobd
CvlDobd's picture

You get it.

I wanna get junked too!

Tue, 04/24/2012 - 18:40 | 2371768 Xkwisetly Paneful
Xkwisetly Paneful's picture

No win for PMS but it fun to pretend.

No buyers left, the boat is already overfull.

QE that pumped them geometrically higher is over.

and when shit hits fan guess what is getting liquidated to meet margin calls?

No win, no buyers. Missed the infomercials, gold buying tupperware parties and even the occasional ZH idiot using his CCs to buy PMS? Or just wouldn't know what a mania was given the m a n and i.

BTW I do thoroughly enjoy the world's largest toymaker while the IPAD revolutionizes the workplace.

Great stuff all the way around.

Tue, 04/24/2012 - 18:59 | 2371807 Dave Thomas
Dave Thomas's picture

Those aren't gold buying tupperwear parties, they're gold selling you retard.

Tue, 04/24/2012 - 19:09 | 2371829 Xkwisetly Paneful
Xkwisetly Paneful's picture

Oh WOW that changes everything!

They are gold buying tupperwear parties.

The host buys the gold.

If can't figure out that the day the housewife became an agent for the PM crowd signifies mania you never will.


Tue, 04/24/2012 - 19:46 | 2371901 tmosley
tmosley's picture

Yes, it's clearly a bubble when 90% of people are selling to 10% because they are flat broke.  However, when every college fanboy and every hedge fund on the face of the planet owns a single stock, clearly it isn't.

Your name is now Clownshoes.

Tue, 04/24/2012 - 20:04 | 2371925 Xkwisetly Paneful
Xkwisetly Paneful's picture

Um retail participation in the equity markets has been minimal.  Source material has been posted here and elsewhere to that effect numerous times.

Um retail participation in a $600 stock is even less than minimal.

Otherwise excellent points, equity markets actually have future buyers known as the retail investor.

PMs keep dreaming. No buyers, no QE, no fucking nothing but one big fat mania. 90% are selling to 10% really?

They asked if I wanted any gold or silver with my tacos from taco bell drive thru last night.



Tue, 04/24/2012 - 18:56 | 2371802 Xkwisetly Paneful
Xkwisetly Paneful's picture

THe site as a whole has not been right one single, solitary time since I have been patronizing it.

Greatest fade site ever created.  Throw some more crap.

Ask them how they can be for free markets and against HFTs at the same time.

Ask them how they're opposed to fractional reserve currency but whine like little bitches when the CME raises margin REQS.

Could go on for two days here.


Tue, 04/24/2012 - 19:47 | 2371897 tmosley
tmosley's picture

See what would have happened if you had shorted gold and silver for a contract each the day this blog opened.

Sure.  ZH has never been right.  LOL

How can one be for free markets and against HFT's?  Are you fucking kidding me?  You saying that consumers in a free market don't have a right to complain about any damn thing they want to, especially if it includes preferential treatment by private entities being given to other private entities that cause you to lose money just going about your business?

How can we be opposed to a private bank being granted unlimited power to destroy our economy, while at the same time not liking it when a private company colludes with government and Fed officials to break markets?  Or even that consumers can be mad when their exchanges panic and act like morons and break the markets with their stupid decisions, like hiking margins every other day for a week?

You are incredibly stupid, in addition to being a fascist tool.  But then, I guess that's why your name is Clownshoes.

Tue, 04/24/2012 - 19:58 | 2371915 Xkwisetly Paneful
Xkwisetly Paneful's picture

Go look at the scoreboard again.

Not right once since I have been patronizing the site.

Not once, not a single time.

Need a review:

The Gulf is ruined forever.

Fukashima will melt the world.

Burn money donate to Ron Paul.

Buy silver and gold they didn't really go up with QE like the rest of the asset classes.


The Enterprise will be sunk in the Gulf.

Imminent war is coming if not rioting and looting will be here soon.

If all else fails peak oil will certainly doom everything.

and on and on and on and on some more.

Who's who of overreactive herd like tripe, fiit in perfectly, carry water for the herd like a three time champ.

In fact you one of the best fades around, post some more predictions.

Where'd that post go exclaiming that's the last time AG has seen $40.

Free markets mean free markets they don't mean free except for you choose whom to discriminate against.

and there is little difference between the other two except of course in addition to it being ludicrous,

total fucking idiots like you are amongst the largest beneficiaries of the system.

no fractional reserves no capital for the Tmoselymorons or most of the rest ZH either.

In addition to being a total fucking idiot not one to be bashful prove it every time you log in.


Tue, 04/24/2012 - 20:45 | 2371979 fuu
fuu's picture

That's the best list you could come up with?

Tue, 04/24/2012 - 20:53 | 2371987 buzzsaw99
buzzsaw99's picture

The use of the term "free markets" proves s/he is a troll.

Tue, 04/24/2012 - 21:20 | 2372033 fuu
fuu's picture

"Fukushima will melt the world" was my litmus test.

Tue, 04/24/2012 - 21:39 | 2372059 Pure Evil
Pure Evil's picture

It's Hairy Canker donning the mask of Darth Vader.

Now that he's outed our little gay bashing, homo hating, obama junking, pm spanking website, what's a boy to do.

Over to the fainting couch! Some kleenex please. Time for a girlie-man cry session.

Tue, 04/24/2012 - 22:11 | 2372126 fuu
fuu's picture

Maybe Max can hold him till the vapors pass.

Tue, 04/24/2012 - 20:46 | 2371980 midgetrannyporn
midgetrannyporn's picture

Even the maggots tune in here when they want to know what is moving the market. You are full of crap.

Tue, 04/24/2012 - 17:05 | 2371535 Kristian
Kristian's picture

On to the next iGadget.

Tue, 04/24/2012 - 17:07 | 2371541 SheepDog-One
SheepDog-One's picture

So back to the real issue at hand, everything very rosy, markets on a tear back up, no QE needed at all. 

Tue, 04/24/2012 - 17:32 | 2371650 blu
blu's picture

Hey stop that. We need QE to inject moar moneez into the middle class so they can continue to buy iAAPL.

Democracy is in the balance here.

Tue, 04/24/2012 - 17:07 | 2371542 Freebird
Freebird's picture

Buy Samsung

Tue, 04/24/2012 - 17:32 | 2371653 blu
blu's picture

Buy Microsoft

Wed, 04/25/2012 - 00:38 | 2372432 prains
prains's picture

Buy air in your lungs

Tue, 04/24/2012 - 17:56 | 2371699 BigJim
BigJim's picture

The Galaxy S2 is definitely a nicer phone than the iPhone 4... just sayin'.

Tue, 04/24/2012 - 18:17 | 2371733 Bastiat
Bastiat's picture

RAZRs nice too.

Tue, 04/24/2012 - 18:43 | 2371773 magpie
magpie's picture

Buy Nokia ?

Tue, 04/24/2012 - 21:40 | 2372064 Pure Evil
Pure Evil's picture

I got some nice ToeJam8's for sale, any takers?

Tue, 04/24/2012 - 17:07 | 2371544 css1971
css1971's picture

interesting. Now Jobs is dead they don't know what to do with it.

Tue, 04/24/2012 - 17:09 | 2371557 Zero Govt
Zero Govt's picture

so long as they keep the cash mountain outside the (insolvent) US and European banking systems who cares

Tue, 04/24/2012 - 17:58 | 2371701 BigJim
BigJim's picture

I bet Jon Corzine might have some 'investment' ideas that could double their money in just a few short months!

Tue, 04/24/2012 - 17:59 | 2371705 BigJim
BigJim's picture

That does raise the question, though - where is all that 'cash' sitting? People here have been hinting it's in USTs... is this true?

Tue, 04/24/2012 - 23:46 | 2372350 thefedisscam
thefedisscam's picture

MOST of them are sitting off shore. That is why they, and other big US corps, are lobbying the Congress for lowering their tax on the cash moving back to the U.S

Tue, 04/24/2012 - 17:22 | 2371613 Sudden Debt
Sudden Debt's picture

They could build 35 Giza pyramids at 17 billion a piece all over the country and create tourist attractions that would make Egypt jalous!

And as the US has over 46 million shovel ready slaves....

Tue, 04/24/2012 - 19:10 | 2371830 donsluck
donsluck's picture

Shovels? Don't we use bulldozers? Isn't that why there's no jobs?

Tue, 04/24/2012 - 21:43 | 2372068 Pure Evil
Pure Evil's picture

Well, the tractor drove the sharecropping farmer out of Oklahoma in the 1930's.

Tue, 04/24/2012 - 17:07 | 2371547 blunderdog
blunderdog's picture

Interesting that they beat expectations.  I don't see why everyone's so focused on the cash. 

What good is cash to Apple?  It's not like you can squeeze a gain out of it.

Tue, 04/24/2012 - 19:12 | 2371833 donsluck
donsluck's picture

My present strategy is cash and PMs (and my house owned outright). The collapse of the Euro will bring lots of buying of dollars. This will temporarily suppress PMs.

Tue, 04/24/2012 - 17:10 | 2371559 Skip 2 My Lou
Skip 2 My Lou's picture

Damn, I think apple should do its own LTRO to save Europe!!!!

Tue, 04/24/2012 - 17:13 | 2371566 falak pema
falak pema's picture

If Apple bought out Merkel it would have a home market of 500 million. Not a bad deal. Except they would then give with left hand and collect with right. Circular world of monetary go round where the bankstas always win on the margin. Thats what financialisation is. 

Tue, 04/24/2012 - 17:10 | 2371563 hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture


Tue, 04/24/2012 - 17:12 | 2371565 CvlDobd
CvlDobd's picture

ZeroHedge hates the US government because they lack leadership, lack innovation, has too much debt, no positive cash flow.

ZeroHedge also hates Apple because it has good leaders, is innovative, has no debt, and has great cash flow.

So which setup am I supposed to hate Tyler? I agree on option 1 but am a bit confused as to what I am supposed to dislike about Apple so much.

Tue, 04/24/2012 - 18:18 | 2371581 CvlDobd
CvlDobd's picture

Ok I found reason to hate apple. God damn autocorrect. Had to edit the last post twice. Price target now $250.

Tue, 04/24/2012 - 17:14 | 2371582 fuu
fuu's picture

Try thinking for yourself?

Tue, 04/24/2012 - 17:19 | 2371600 Bay of Pigs
Bay of Pigs's picture

Not a fair comparison, but I'll give it a shot.

Perhaps because they lie and deceive to manipulate their share price like today? Sandbaggers R Us?

Slave labor issues?

Tue, 04/24/2012 - 17:39 | 2371662 blu
blu's picture

they lie and deceive to manipulate their share price

No. They report earnings on real things they sell on the open market to real buyers (the money may be fake, but no matter). They project earnings for next time, it's guess work of course. They can project anything they like they can hi-ball it or lo-ball it, so can you, and you would be doing a projection if you bought their stock today or if you sold it.

End to end it is called free market capitalism, and it's a Good Thing. You don't see too much of it anymore, so much of the financial universe is now faked up. But there used to be a lot of it. Maybe some day there will be a return.

Tue, 04/24/2012 - 17:54 | 2371693 Bay of Pigs
Bay of Pigs's picture

What a load of shit. You think the rumors of the miss were valid? It's "guess work"? LOL. 

Thanks for making my point on their "projections".

Tue, 04/24/2012 - 18:21 | 2371739 blu
blu's picture

Diidn't notice any rumors like that, but I wasn't looking very hard. I did read that they needed to over-deliver big in the current environment, maybe they did. Someone thinks so. I'll go with the market thanks.

Oh and fuck the fuck off pinhead troglodyte.

Tue, 04/24/2012 - 18:17 | 2371735 CvlDobd
CvlDobd's picture

I admit it isn't an apples to apples comparison. Stock price is less important to my point. I beleive all bond, stock, and commodity prices are manipulated so I am not going to pick on Apple for that issue.

ZeroHedge does an amazing job picking apart all the shit that is wrong in the world. What I don't understand is the ZeroHedge obsession with bringing down a company with no debt and reportedly $110 billion in cash. NO DEBT! In this world of ours that is a huge and amazing positive. I love being negative but it is better focused on other shit that is actually negative. NO DEBT IS GOOD!

Now I admit to being bearish on the stock price of Apple coming into this earnings season for two technical reasons. It went up in a parabolic fashion, and two ARM holdings has gone no where for over a year so I thought if they are truly shipping a ton of iPads ARMH should be along for the ride and it hasn't been. Hell it was down 8% today. But being a short term bear on stock price does not mean that the company is going to collapse. They have NO DEBT and $110 billion in cash. If you are trying to get rich off of Apple's demise your odds are stacked against you. There are plenty of other momo queens that are truly in shit shape from a balance sheet perspective. I feel energy would be better focused there and not on a company of this size with NO DEBT!

So to the previous responder I would argue that I am thinking for myself and not towing the ZeroHedge line.

Tue, 04/24/2012 - 19:30 | 2371856 Xkwisetly Paneful
Xkwisetly Paneful's picture

Admirable job!  Get's rough when start tapping on the glass.

No debt in this environment as a positive is debatable. Rates are lint, so although no debt is generally a good thing it is debatable here.

Which goes towards a huge part of the problem in the USA right now in a nutshell.

Corporations like APPL are accumating cash, getting virtually zero return on it and yet are still largely staying in cash or cash equivalents like bonds.

It is as perverse a situation as any since I have been alive.

So why aren't they taking any chances?  Despite the statist morons, growth comes from the leading edge not from creating more convenience store workers-which means it is not explicitly demand driven. People didn't demand IPODS before they existed.

THe logical answer is they are scared shitless of what is behind neo marxists door number three.




Tue, 04/24/2012 - 22:08 | 2372117 CvlDobd
CvlDobd's picture

That is one of my overall bearish arguments when I hear this "US corps. have never been so flush with cash!" bullshit.


If things are so fucking great why are these brilliant corporations willing to sit on so much cash for zero return? It makes no sense to me that the SP went from 666 to 1400 with rates at zero and corporations pretty much ignored it. What in the hell are they preparing for?

Tue, 04/24/2012 - 17:20 | 2371611 Everybodys All ...
Everybodys All American's picture

How many Americans does Apple employ to make their phones, pads, pods, etc? Answer : Only Foxconn worker know fo sure.

Tue, 04/24/2012 - 18:34 | 2371712 BigJim
BigJim's picture

Probably a lot, at least in the design & testing stages.

Is there some reason they're obliged to employ Americans, incidentally? They're an internationally traded company now - if we keep voting governments in who destroy our ability to compete, why shouldn't they move their production to sunnier climes?

Tue, 04/24/2012 - 17:12 | 2371575 navy62802
navy62802's picture

Cash velocity inflection point.

Tue, 04/24/2012 - 17:13 | 2371576 youngman
youngman's picture

Its funny you never hear from the Libs about the greedy Apple corporation..just the oil and gas companies.....and all their manufacturing is offshore..never hear about that either...funny how a lib mind works....or doesn´t

Tue, 04/24/2012 - 17:15 | 2371584 CvlDobd
CvlDobd's picture

Both sides do that shit. Everyone sucks.

Tue, 04/24/2012 - 17:24 | 2371628 Buckaroo Banzai
Buckaroo Banzai's picture

But there is something "special" about the way a libtard's mind works. The libtard lives in its own mind, safely ensconced away from the real world. Reality is never allowed to intrude.


Tue, 04/24/2012 - 17:41 | 2371663 blu
blu's picture

Projecting much?

Tue, 04/24/2012 - 18:04 | 2371717 BigJim
BigJim's picture

Here ya go - you don't get much more 'libtarded' than the Grauniad:  

Tue, 04/24/2012 - 22:45 | 2372178 Cathartes Aura
Cathartes Aura's picture

Forced (unpaid) Labour.

from your graun link:

In the case of Apple, moving jobs offshore has become a way of directing ever more money to those at the top of American society.


[...]disclosing a conversation in 2011 between Jobs and Barack Obama. The president asked why Apple products could not be made in the US. The most admired man in Silicon Valley was reportedly blunt: "Those jobs aren't coming back."

I'll just add, it's not "globalisation" if nationstate boundaries are acknowledged, and respected.

THEY know this, it's up to everyone else to get on the same page and act /think accordingly. . .

or not, <shrug>

Tue, 04/24/2012 - 17:44 | 2371671 blunderdog
blunderdog's picture

What's funnier is that you don't seem to recognize the difference between a company which grows revenue enormously because of end-user demand for the products and those companies which grow revenue enormously only because the US gummit decides to go to war somewhere.

I'm sure there are plenty of similarities between Apple and Exxon, though.  Could you list a few for me?  I trust your insight.

Tue, 04/24/2012 - 18:50 | 2371790 Xkwisetly Paneful
Xkwisetly Paneful's picture

Laughable brah, but then again should humping legs or chasing cars about now.


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