Stock market quotes, forex, financial news, forex tools – money-investing.com

News of Apple. Multibillion-dollar taxes, investments in the economy and a record for capitalization

 Breaking News
News of Apple. Multibillion-dollar taxes, investments in the economy and a record for capitalization
January 17
09:00 2018

Today, a famous American company Apple Inc has issued a very landmark press release. The long press release composed in an unusual style with a lot of contradictions has caused a big resonance in the professional community.

The company’s management has reported that they will have to make record tax payments of $ 38 billion. Such a large amount is associated with the so-called profit repatriation, i.e. return of profits from foreign investments in the United States. The company plans to invest about 30 billion US dollars and build a new grandiose industrial park, thus providing jobs for about twenty thousand people.

The press release also reported on the payment of bonuses to the company’s employees. Every lucky person who has managed to sign an employment contract with an American giant will receive $ 2,500 as shares.

A third of the $ 30 billion mentioned in the release is expected to be invested in data centers in the United States. Part of the funds (about $ 4 billion) will be placed in the newly established investment fund in advanced production technologies.  The amount of $ 38 billion made Apple the largest taxpayer in the United States. The traditional leader in tax payments – an oil and gas company ExxonMobil – has lost its leading position due to the consistently low oil prices.

In the autumn of 2017, Apple had 94% of cash (about $ 252 billion) outside the United States. After payment of taxes, the company’s conditionally free funds have been estimated at 230 billion US dollars.

Last spring, the representatives of the corporation said that Apple was going to pay 300 billion dividends within two years.

Such a large-scale and positive (if not populist) press release has caused a rather serious increase in the stock price of Apple. At the moment, the shares are being traded at a record 179.1 USD per unit (the revenue since the beginning of the trading session has amounted to1.7%). The company’s capitalization is estimated at $ 911 billion.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment