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Originally Posted by pwalker8
Let's see revenue up 16% with a record $13.82 billion profit for the quarter, with revenue from iPhones sales up 14% for the quarter.
Can't say that I'm real thrilled about the $100 B stock buy back plan as a bone to investors. Steve Jobs always resisted the pressure of stock holder demands (we want all your money and we want it now!), but Cook's first act after Job's died was to start feeding the beast. Investors always want more, more, more. Too many CEO's forget that investors are just one of the many stakeholders when it comes to corporations. You have to keep customers and employees happy as well if you want a healthy company. I guarantee that $100 B will be the new starting point for investor demands from Apple and stocks will plummet if Apple doesn't match that next year.
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I saw where Apple's pile of cash offshore had dropped to about 300B. But I don't know when that "tally" was made.
OK here is that link:
Apple's cash hoard falls to $267.2 billion
Steve (and I) believe that the stockpile of cash from profits is to make newer and better products, to provide better service, to increase your competitive edge. To drive the weak out of the business!
Buffet believes in deep moats full of alligators around your enterprise.
You can dig a bery deep and broad moat and buy a lot of Gators for 100B. Hey, Hey!