Apple has $200 billion to play with — here’s what it might do with all its overseas cash (AAPL)
|01/18/2018||Posted by BusinessMediaguide.Com under General World News||
- Apple has around $250 billion in overseas cash.
- The new tax law put in place at the end of last year gives the company incentives to transfer those holdings to the US.
- Apple has said it owes $38 billion in taxes on that amount and suggested it plans to spend tens of billions of dollars more on investments.
- But it’s an open question how the company will parcel out its overseas funds.
Apple’s plan to bring home hundreds of billions of dollars in overseas cash has triggered a guessing game on Wall Street about what it might do with all that money. read more >>>