• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • Apple's $74 Billion Cash Overseas Leads Tech Companies in U.S.


    A report recently released by Richard Lane of Moody’s Investors Service shows that Apple leads a list of technology U.S. companies holding overseas cash with roughly $74 billion, up from $64 billion in December and $35 billion at the end of 2010.

    Lane cited SEC filings as well as his firm’s estimates and said U.S. tech companies contribute roughly $227.5 billion to a total of $457 billion in overseas cash held by American corporations at the end of the first quarter of 2012. If you exclude Apple’s $74 billion contribution overseas, cash rose saw a year-to-year increase of 15% for the March quarter, but if you include Apple’s assets, the number jumps to roughly 31%.

    The next company behind Apple with a large amount of money overseas was Microsoft, coming in with $50 billion, followed by Cisco with $42.3 billion. The others in the top 5 included Oracle coming in at $25.1 billion and Qualcomm coming in at $16.5 billion. The top ten U.S. tech companies now own 83% of all offshore cash for the sector, up from the 74% it was at just five years ago. Here, only companies holding combined cash and liquid assets above $2 billion were taken into account as part of the report. It isn’t a surprise though with Apple’s success to see the company leading the list.

    Source: Barron
    This article was originally published in forum thread: Apple's $74 Billion Cash Overseas Leads Tech Companies in U.S. started by Akshay Masand View original post
    Comments 5 Comments
    1. Colby21's Avatar
      Colby21 -
      That's bull crap. If that money was kept in America, then wouldn't be in such a dire situation economy wise. The rich always get richer.
    1. mori's Avatar
      mori -
      Quote Originally Posted by Colby21 View Post
      That's bull crap. If that money was kept in America, then wouldn't be in such a dire situation economy wise. The rich always get richer.
      yeah riiiiiight, look at that google wanna be ATV, it cost 300$ and its less then an ATV (apple tv) why? cause it was build in america, the land where people wanna get pay 30$/h get full medical, oh. and also get anything else on they mind.

      i agree partly with you and tim cook has say it he wishes he could build here in USA, but its just not a reality, with the mind set of the workers and the economies.
    1. TechnoUniversity's Avatar
      TechnoUniversity -
      I would put a stop to that fast. 25% tax on all imports and watch how fast they come back. Prices may go up, but unemployment will drop drastically.
    1. NinoMH's Avatar
      NinoMH -
      Quote Originally Posted by TechnoUniversity View Post
      I would put a stop to that fast. 25% tax on all imports and watch how fast they come back. Prices may go up, but unemployment will drop drastically.
      That wouldn't solve the problem. Even by taxing imports at 25% like you said, foreign labor fees would still be considerably cheaper than nation labor. As someone else said, people expect to be paid too well. Hence companies like this go and get factories and workers somewhere else. And that is not going to change anytime soon. Welcome to modern society.
    1. Cer0's Avatar
      Cer0 -
      Lol at some people. There is more to it than " 'MERICA needs it's jobs back." This is talking about the money it earned/has from other regions of the world it makes.

      And Apple's money being in America will not change the situation in America. Nor would all these companies. The tax on it would only be a drop in the bucket. Plus most these companies want to bring the money back to America but the current tax for bringing money back is stopping them. They would be taxed more than once just to bring it back on money that has already been taxed.