Since84
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To infinity and beyond!
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Post by Since84 on May 11, 2018 2:20:09 GMT -8
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CdnPhoto
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Member is Online
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Post by CdnPhoto on May 11, 2018 3:55:45 GMT -8
Reminder: today is ex-dividend day. With that adjustment, we're already green in PM.
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Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 11, 2018 4:20:56 GMT -8
Thank you for reminding me. I added EX DIV to the post title.
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Post by northstar on May 11, 2018 4:34:46 GMT -8
Twitter Mav (AAPL Tree) today explores potential experiences with Google’s new digital assistant. A great sense of humour and smarts make his tweets worth reading. If you don’t already follow him, you’re missing an enjoyable commentator on current tech news and drama. With some cute cats too!
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chinacat
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AAPL Long since 2006
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Post by chinacat on May 11, 2018 5:44:47 GMT -8
iPad saves construction firm $1.8 million annually is an interesting article that could herald a new opportunity for Apple. The comparison with PC-based tablets is particularly telling, with the surprising (to me, anyway) notation that "The price of a cellular-equipped iPad is also attractive, costing a few hundred dollars compared to over a thousand for a PC with a tough screen and LTE." When was the last time that an Apple product was considered the low-cost option?
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Post by artman1033 on May 11, 2018 7:39:57 GMT -8
LESS THAN 10 MILLION SHARES TRADED.
IS not going up today..........
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4aapl
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Post by 4aapl on May 11, 2018 9:06:03 GMT -8
A whole lot of nothing. I'd at least expect some speculation as to why they aren't listing their foreign cash, or why they might not move it all back at once. It said Google set aside $10B to pay the taxes on it's ~$60B foreign cash. It seems to me the logical thing for Apple is that they already set aside the potential full taxes in the past, so now have extra, let's call that 50% of the money set aside for taxes. If allowed to, it seems like the logical usage is to juice the earnings by a little when/if they needed to. OTOH, if they can't, then I'd guess that the extra gains would be taken as they pay taxes on the money, and the article said they could take up to 8 years to pay the taxes. IMO it just depends on if that period is a straight line payoff of the taxes, or as I would suspect that as long as they stay ahead of the straight-line payoff that they'd be fine....meaning that if they have a great earnings one quarter, maybe they pay 10% of the taxes, instead of the standard 1/(8*4) of it. Just speculating. Either way, spreading it out makes it similar to that old iPhone accounting method where they spread part or all of the revenue over something like 8 quarters. It smoothes things out...which is a good thing.
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Ted
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Post by Ted on May 11, 2018 9:52:43 GMT -8
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ono
Member
compensation
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Post by ono on May 11, 2018 10:52:39 GMT -8
A whole lot of nothing. I'd at least expect some speculation as to why they aren't listing their foreign cash, or why they might not move it all back at once. It said Google set aside $10B to pay the taxes on it's ~$60B foreign cash. It seems to me the logical thing for Apple is that they already set aside the potential full taxes in the past, so now have extra, let's call that 50% of the money set aside for taxes. If allowed to, it seems like the logical usage is to juice the earnings by a little when/if they needed to. OTOH, if they can't, then I'd guess that the extra gains would be taken as they pay taxes on the money, and the article said they could take up to 8 years to pay the taxes. IMO it just depends on if that period is a straight line payoff of the taxes, or as I would suspect that as long as they stay ahead of the straight-line payoff that they'd be fine....meaning that if they have a great earnings one quarter, maybe they pay 10% of the taxes, instead of the standard 1/(8*4) of it. Just speculating. Either way, spreading it out makes it similar to that old iPhone accounting method where they spread part or all of the revenue over something like 8 quarters. It smoothes things out...which is a good thing. AAPL did pretty well anticipating and accruing appropriately. They've been and are being very conservative, maybe over accruing along the way, and this last quarter again, but very close. 10-K: files.shareholder.com/downloads/AAPL/6110044160x0x979058/B67C9B87-ED0A-4551-B1E1-E95249A2B1A2/10-Q_Q2_2018_As-Filed_.pdf: See Note 4: Income Taxes Deemed Repatriation Tax
As of September 30, 2017, the Company had a U.S. deferred tax liability of $36.4 billion for deferred foreign income. As a result of the deemed repatriation tax, which is based on the Company’s cumulative post-1986 deferred foreign income, the Company replaced $36.1 billion of its U.S. deferred tax liability with a provisional tax payable of $38.0 billion. This estimate of the deemed repatriation tax is based, in part, on the amount of cash and other specified assets anticipated to be held by the Company’s foreign subsidiaries as of September 29, 2018. Therefore, the tax payable may change as the asset amounts are finalized. The Company plans to pay the tax in installments in accordance with the Act.I'm interpreting this below that AAPL will settle up the accounting of accruals in the next 12 months: Although timing of resolution and/or closure of audits is not certain, the Company believes it is reasonably possible that its gross unrecognized tax benefits could decrease (either by payment, release or a combination of both) in the next 12 months by as much as $3.4 billion.Probably this schedule? Bloomeberg: The law gives multinational companies like Apple the option to pay what they owe over eight years -- just 8 percent of the total in each of the first five years starting in 2018, followed by 15 percent in 2023, 20 percent in 2024 and 25 percent in 2025.
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ono
Member
compensation
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Post by ono on May 11, 2018 11:24:17 GMT -8
If they pay over the greatest length of installments, that "$38B" will be paid pretty slowly (only ~$2.8B/yr or $720M quarter the next 5 years), so there is that much more cash management elbow-room available for buybacks along the way.
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bud777
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Post by bud777 on May 11, 2018 11:52:27 GMT -8
If they pay over the greatest length of installments, that "$38B" will be paid pretty slowly (only ~$2.8B/yr or $720M quarter the next 5 years), so there is that much more cash management elbow-room available for buybacks along the way. Given that 2025 dollars will be worth less than 2018 dollars, I cannot imagine a reason to pay it more quickly
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ono
Member
compensation
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Post by ono on May 11, 2018 12:30:35 GMT -8
If they pay over the greatest length of installments, that "$38B" will be paid pretty slowly (only ~$2.8B/yr or $720M quarter the next 5 years), so there is that much more cash management elbow-room available for buybacks along the way. Given that 2025 dollars will be worth less than 2018 dollars, I cannot imagine a reason to pay it more quickly With 8 years income from investment return (for irony say Treasury Inflation-Protected Securities, TIPS ) and inflation discount, no corporation is going to pay early. (Edit. Rant removed.)
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Since84
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To infinity and beyond!
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Post by Since84 on May 11, 2018 12:32:11 GMT -8
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4aapl
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Post by 4aapl on May 11, 2018 19:05:51 GMT -8
It's still Friday! Good performance by AAPL this week, even if we didn't get a gain today. This was a fun article of vulnerabilities in Siri, Alexa, and Google's Assistant Alexa and Siri Can Hear This Hidden Command. You Can’t.Over the last two years, researchers in China and the United States have begun demonstrating that they can send hidden commands that are undetectable to the human ear to Apple’s Siri, Amazon’s Alexa and Google’s Assistant. Inside university labs, the researchers have been able to secretly activate the artificial intelligence systems on smartphones and smart speakers, making them dial phone numbers or open websites. In the wrong hands, the technology could be used to unlock doors, wire money or buy stuff online — simply with music playing over the radio.
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benoir
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Post by benoir on May 11, 2018 23:05:26 GMT -8
Interesting that we are down almost the same amount as the divy.
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