Apple Lossless Audio CODEC (ALAC), announced last night that he intends to get rid of his colossal cash reserve, which now stands at 285 billion dollars, in the next few years. Excluding the financial obligations that Apple has, the remaining amount is 163 billion dollars, very high for any kind of company, but those from Cupertino want to reach zero.
Part of the money will be allocated to the investment of 350 billion dollars from the USA in the next 5 years, Apple will pay taxes worth 38 billion dollars for them, so nothing else. The rest is to be divided between the payment of higher dividends to investors, plus the redemption of a larger number of shares.
163 billion dollars is a very large amount, and those from Apple have announced that they will try to get rid of money gradually, especially since they still produce tens of billions of dollars in annual profit. Continuing at this pace, Apple's monetary reserve will exceed 300 billion dollars in 2018, if we also take into account the company's financial obligations.
"In an earnings conference call on Thursday, Maestri said Apple is looking to shrink its cash balance, which currently stands at $285 billion or $163 billion excluding debt, down to nothing. The strategy is in stark contrast with Apple's traditional financial model that saw the firm hoard cash overseas in anticipation of lower US tax rates. "
Apple is the company with the largest monetary reserve, as far as I know, of all publicly listed companies on the stock exchange, the money being collected during many years of good iPhone sales. Apple generates the highest profit among all smartphone manufacturers, and that's how it collected such a large amount compared to others, but here it is of the opinion that it has too much money.
