Tag: hoard

NYT: Apple shifted offshore cash hoard to Jersey after Ireland shut down [update]

Update: Apple has responded with an extensive statement on its newsroom site. It says corporate tax rate on foreign earnings is 21 percent, and 35 percent on income from overseas… Read more »

Apple’s Didi investment is surprising but good use of massive $233B cash hoard, analyst says

Investment firm Piper Jaffray views Apple’s Didi funding as a new direction for the company, providing long-term strategic positioning benefits in China’s expanding automotive industry. AppleInsider – Frontpage News